Test Your Credit Repair Knowledge!
Test Your Credit Repair Knowledge!
Are you ready to take your credit repair journey to the next level? Our quiz is designed to help you assess your knowledge about credit repair strategies and best practices. Whether you're a beginner or looking to refresh your understanding, this quiz is for you!
- 13 engaging questions
- Learn about credit repair timelines
- Understand debt validation and disputes
- Tips to improve your credit score
How long does it take to repair your credit?
A) 6 weeks
B) 30 days
C) It takes over a year
D) Usually 3-6 months
How many times do you need to work on your credit?
A) Check it every week
B) Every.2 weeks
C) Every month
D) Once a year
How much can credit repair improve your credit score?
A) At least 50 points
B) More than 100 points
C) This will vary, as everyones report is unique.
What is the first step in the credit repair process?
A) Open credit cards
B) ay off collection accounts
C) Get a copy of your credit reports
What is debt validation?
A) When you verify with a debt collector that you owe a debt
B) When a debt collector provides proof that you owe a debt
C) The way a debt is listed on your credit reports once it has been paid
What does it mean if your debt has reached the Statute of Limitations?
A) You are no longer legally required to pay the debt
B) The negative listing automatically falls off your credit reports
C) Both A and B
To whom do you submit credit report disputes?
A) Credit Bureaus
B) Original Creditors
C) Collection Agencies
D) All of the above
How should you submit your credit report disputes?
A) Online
B) Mail
C) Fax
What’s a good way to build positive credit?
A) Pay your bills on time, every time
B) Keep your credit utilization ratio under 30 percent
C) Apply for a new credit card
D) Both A and B
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