Question

Which statement about a credit report is true?
A My credit report cannot affect my future ability
to obtain a loan.
B A credit report is always correct and doesn’t
contain any errors.
C Negative actions on a credit report generally
remain for 7-10 years.
D College grades are used in credit reports.

Answer 1

is this true

Answer 2

C Negative actions on a credit report generally remain for 7-10 years.

Answer 3

Yes, it is true that negative actions on a credit report, such as missed payments or collections, typically remain on the report for 7-10 years. Positive actions, such as on-time payments, can also remain on the report for several years and can help improve credit scores.