#1916
When the underwriter aquires the credit report of the applicant it will usually contain information pertaining to the applicants debt and payment history for the last ten years.
Is this fact true of false ?
Take your time. The solution is posted below the wildlife photo.
A. False
When information is obtained about a borrower from a credit report the information in the report usually only covers the last seven years, although certain items such as bankruptcies or foreclosures might remain longer.
If you see information that is incorrect in your credit file alert the credit reporting agency and they will inform you of what you must do to correct inaccuracies.
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