Dave Ramsey Chapter 8

Front

When should you send a cease and desist letter to creditors? Options: The first time a creditor calls, When a creditor calls you at work, Only in the most extreme situations, When a creditor lies to you

Back

Only in the most extreme situations

Front

Which is not part of the Federal Fair Debt Collections Practices Act? Options: Restricts calling times of collectors to the hours of 8 a.m.–9 p.m., Allows you to request that a creditor stop calling your place of employment, Allows you to write a cease and desist letter to insist a creditor stop all contact, Requires creditors to correct any inaccuracies on your account

Back

Requires creditors to correct any inaccuracies on your account

Front

Which of the following is not forgiven under a bankruptcy? Student loans, Medical bills, Car loan, Credit card debt

Back

Student loans

Front

Which of the following is one of the Four Walls? Transportation, Food, Clothing, All of the above

Back

All of the above

Front

In which case are you most likely to get sued if you are behind in paying bills? If you are making no payments, If you have stopped all contact, If you call them and settle the debt

Back

Both a and b

Front

Which of the following is not one of the steps to take if you are a victim of identity theft? Contact the fraud victim division of each credit bureau, File a police report, All of the above

Back

Pay up to $50 to each account on which a charge was made

Front

Payment history on your credit report is supplied by credit lenders.

Back

True

Front

Credit accounts stay on your report seven years from the date of last activity. True or False?

Back

True

Front

The balance shown (appearing on your credit report) may not be the up-to-date balance.

Back

True

Front

It is not uncommon for duplicate accounts to appear on your report.

Back

False