which of the following statements best describes your right to check your credit history for accuracy? a…

which of the following statements best describes your right to check your credit history for accuracy? a. you cannot see your credit record because it is only available to potential lenders and employers. b. you can only check your record for free if you are turned down for credit. c. your credit record can be checked once a week for free at each major credit bureau. d. all credit records are the property of the u.s. government and only available to the fbi and lenders.

which of the following statements best describes your right to check your credit history for accuracy? a. you cannot see your credit record because it is only available to potential lenders and employers. b. you can only check your record for free if you are turned down for credit. c. your credit record can be checked once a week for free at each major credit bureau. d. all credit records are the property of the u.s. government and only available to the fbi and lenders.

Answer

Brief Explanations:

Under the Fair Credit Reporting Act in the U.S., consumers have the right to obtain a free credit report once a year from each of the three major credit - reporting agencies. Option A is incorrect as consumers can access their own credit records. Option B is wrong because free access is not only when turned down for credit. Option C is inaccurate as the free access is once a year, not once a week. Option D is false as credit records are not government - owned in that way.

Answer:

None of the above options are correct. However, if we assume this is a multiple - choice question with the best of the given options, the most accurate among them is that consumers do have the right to access their credit records, and while the details in the options are wrong, the idea that one can check their record is correct in principle. But strictly speaking, all options are incorrect.