Write 'T' if the statement is true and 'F' if the statement is false. According to the Fair Credit Billing Act of 1975, a creditor must adjust the disputed amount in your account or tell you why the bill is correct within 30 days. A personal bankruptcy remains on a credit File for no more than 5 years. The least expensive loans (loans with low interest) are often provided by parents or other family members. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made it easier for consumers to file Chapter 7 bankruptcy. Consumer credit refers to the use of debit cards for personal needs. The largest fixed expense associated with a new automobile is depreciation. To extend the life of your vehicle, you should get a tune-up every 10,000 miles. You have a legal right to sue a credit bureau if you observe an error in your file