CFPB Credit Repair Part 2

What should you do if your accounts are already under investigation?

• Wait until the investigation is completed.

• Ignore the investigation and start a new one.

• Contact the credit bureau directly.

• Send another dispute immediately.

What is the first step in the credit repair process?

• Paying off all your debts.

• Contacting a credit repair company.

• Obtaining your credit report.

• Ignoring negative accounts.

Where are negative accounts most likely found on your credit report?

• At the top of the report.

• At the bottom of the report.

• Scattered throughout the report.

• In the middle of the report.

What should you do if you cannot take a screenshot of your credit report?

• Download and print the report.

• Wait for a new report.

• Ignore the negative accounts.

• Contact the credit bureau.

What is the purpose of highlighting inaccuracies in your credit report?

• To identify and prove inaccuracies.

• To avoid paying debts.

• To confuse the credit bureau.

• To make the report look colorful.

What is the first step in filing a CFPB complaint?

• Submitting a complaint online.

• Calling the CFPB.

• Ignoring the issue.

• Visiting the CFPB office.

What information is required to create a CFPB account?

• First name, last name, email, phone number, and password.

• Social security number and address.

• Credit card details.

• Employment history.

What should you include in your complaint to the CFPB?

• Screenshots and evidence of inaccuracies.

• A letter from your employer.

• A list of all your debts.

• Your credit card statements.

What should you do if your accounts come back verified after an investigation?

• Ignore the results.

• Pay off the debts immediately.

• Request a detailed description of the investigation process.

• Start a new investigation.

What should you do if your personal information is incorrect on your credit report?

• Ignore it.

• Send a letter to the credit bureau to correct it.

• Pay off all your debts.

• Contact your bank.