Question

Please Help!!

1. True or False: A tax lien which is a failure of an individual to pay his or her taxes and it can remain on a credit report for up to 10 years.
2. True or False: Credit utilization is the ratio of an individual's credit balance to their credit card limit.
3. True or false: Chapter 7 bankruptcy is focused more on the restructuring of an individual's finances rather than the elimination of debt altogether.

Answer 1

1. True

2. True

3. False

Step-by-step explanation:

1. True (If a tax is unpaid then it remains on the credit report up to 10 years)

2. True ( The statement correctly stats that Credit utilization is the ratio of an individual's credit balance to their credit card limit )

3. False because Chapter 7 bankruptcy is focused more on restructuring of debt altogether.