If an individual's credit score is affected because of the number of inquiries made, the FACT Act requires that this must be reported to the consumer on the credit report.

• A. True
• B. False
• C. Not specified
• D. It depends

Answer: (A)

The main idea is that consumers have a right to see the information in their own credit records, and this includes the inquiries listed on the report. Because hard inquiries can influence your credit score, the credit report you receive under FACTA will show the inquiries that have been made (who pulled your report and when) and thus reveal how many inquiries exist. This ensures you can see how inquiries relate to your score and monitor any potential impact. Therefore, the statement is true: FACTA requires that this information be available to the consumer on the credit report. The other options don’t fit because FACTA does provide access to the report and its inquiry details; it isn’t optional or ambiguous.