Welcome, visitor! [ Register | Login

Post an Ad

Test your knowledge about financial recovery

Debt-Credit Consolidation July 22, 2021

Test your knowledge about financial recovery

 

  1. If you are experiencing financial difficulties, what first steps should you take before developing a financial recovery plan? Select all that apply.
    1. Develop a spending plan
    2. File for bankruptcy
    3. c.     Track your spending
    4. d.     Assess your current financial situation

 

  1. Which of the following are ways you can increase your income without negatively impacting your financial future or financial recovery plan? Select all that apply.
    1. Take money out of your retirement or investment accounts to pay off debt
    2. Rent out an extra bedroom in your home
    3. Use your talents or hobby to make extra money
    4. Make sure you receive any tax credits for which you are entitled

 

  1. Which of the following are ways you can decrease your expenses without negatively impacting your financial future or financial recovery plan? Select all that apply.
    1. Buy items you want but do not need
    2. b.     Use local assistance programs to offset food, housing, and utility costs
    3. c.     Eat out at restaurants less frequently  
    4. Sell assets (e.g., an extra vehicle, furniture, or jewelry)

 

  1. When prioritizing your expenses, which of the following expenses should you pay first?
    1. a.     Your basic necessities (e.g., mortgage/rent, food, utilities, transportation)
    2. Credit card bills
    3. Collection agency bills
    4. Other expenses or loans (e.g., medical bills, education loans, personal expenses)

 

  1. Which of the following actions can help you build your credit and prevent future financial setbacks?
    1. Save money
    2. Review your credit report and correct any errors
    3. Work with your creditors when you cannot make your payment
    4. Ask for assistance when needed
    5. e.     All of the above

 

 

  1. Select all that apply. You can guard against credit repair scams by:
    1. a.     Avoiding companies that ask for payment before services are provided
    2. b.     Checking for complaints filed against the credit repair company with your local Better Business Bureau
    3. Avoiding organizations that tell you your rights and ways you can repair your own credit
    4. d.     Avoiding companies that advertise fast and easy credit repair solutions

 

  1. How frequently should you review and adjust your financial recovery plan?
    1. Every month
    2. Every six months
    3. Every 12 months
    4. d.     As needed, but at least every 12 months

 

 

No Tags

418 total views, 1 today

  

  • Debt Collectors -Recovery Services - FL & AL

    by on July 18, 2021 - 0 Comments

    Entity Address Telephone CenterOne Debt Management Services LLC 6150 Omni Park Drive, Mobile, AL, 36609 (251) 639-7500 Medical Data Systems, Inc.  Medical Revenue Service 645 Walnut Street, Suite 5, Gadsden, AL, 35901 (256) 546-7099 Firstsource Financial Solutions, LLC 7715 NW 48th Street, Miami, FL, 33166 (305) 513-5500 Bayview Loan Servicing, LLC 4425 Ponce De Leon […]

  • FAIR DEBT COLLECTION PRACTICES ACT

    by on June 24, 2021 - 0 Comments

    FAIR DEBT COLLECTION PRACTICES ACT   The federal law, the Fair Debt Collection Practices Act (“FDCPA”), protects consumers from abusive or harassing, false or misleading, and/or unfair practices of third party debt collectors or attorneys attempting to collect debts incurred for personal, family, or household purposes. Business or agricultural debts are not covered by the […]

  • Debt Collection FAQs: A Guide for Consumers

    by on May 3, 2021 - 0 Comments

    Debt Collection FAQs: A Guide for Consumers If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from […]

  • Debt Collectors -Recovery Services

    by on July 5, 2021 - 0 Comments

    Entity Address Telephone A.C.B. American, Inc. 4351 Winston Avenue, Covington, KY, 41015 (859) 261-8745 Advanced Collection Services LTD Mastercheck 55 Whiting Street 2A, Plainville, CT, 06062 860-793-2255 Advanced Collection Services LTD Mastercheck 55 Whiting Street 2A, Plainville, CT, 06062 860-793-2255 Affiliated Group, Inc., The  Affiliated Credit Services 3055 41st Street NW, Suite 100, Rochester, MN, […]

  • Personal Financial Management Course (Debtor Education) Providers :Alabama Southern

    by on July 24, 2021 - 0 Comments

    List of  Personal Financial Management Course (Debtor Education) Providers #02 Certificate Class 713 Preston Place Grapevine, Texas 76051 Toll Free:  (888) 533-3423 Phone:     (817) 533-3423 Fax:          (817) 533-3423 Web: www.jjandpartners.com Allen Credit and Debt Counseling Agency 195 Brook Street E Wessington, SD 57381 Toll free:   (888) 415-8173 Phone:     (605) 458-2500 Fax:         (605) 458-2506 Web: www.acdcas.com Alliance Credit Counseling, Inc. […]