Question

Which statement is most accurate concerning the information contained in credit reports?

Positive reports (ontime bill payments) can remain on reports indefinitely.
bOnly unpaid or late bills appear on credit reports.
c. Negative information remains on reports for 20 years.
d. Declared bankruptcy remains on reports forever.

Answer 1

Positive reports (on-time bill payments) can remain on reports indefinitely.

Step-by-step explanation:

The most accurate statement concerning the information contained in credit reports is that positive reports (on-time bill payments) can remain on reports indefinitely. It is important to note that a credit report is a detailed record of an individual's credit history, which includes both positive and negative information. Positive information, such as on-time bill payments, can have a positive impact on an individual's credit score and can stay on the credit report indefinitely.