The first question on the quiz is “If I take the Financial Policy Quiz for me, what would be the effects of debt settlement on my FICO score?” The expected answer is negative. Debt settlement would definitely have a negative impact on your FICO score. A number of people do not even know about this result and end up using other options or just stop making payments. In order to fix your financial situation, you must take a look at your financial record and find out what caused you to get into debt in the first place. If you discover that your financial problem started due to medical bills or other unforeseen expenses, then you can easily settle these unsecured bills by taking the help of a debt settlement company.
The second question on the quiz is “If I take the Financial Policy Quiz for me, what would be the effect of the Bankruptcy law on my FICO score?” Again, the expected answer is negative. The bankruptcy law does affect your credit report. However, there are some ways to make it work for you.
The most important thing you should know about the financial firms that offer debt settlement and other financial services is that they will never tell you the exact figure as to how much they will settle your debt for. It is a question of business between you and them. You will have to ask them and give them specific figures. They will provide you with the percentage they will be able to reduce your debt by. This percentage should be higher than the total of what you owe to them.
The last question on the FICO score repair quiz is “If I take my financial crisis and the policy response quiz for me, what will be the effect of bad credit on my financial future life?” Again, the answer will always be negative. Having a low credit score will definitely harm your financial life in a long run. You should never think positively of anything in life. You should only think of positive things.
What you need to do now is start taking responsibility for your financial life. Your debt should be cleared before anything else. You should never let your debts go out of control. Once they go out of control, then your credit score goes down even more. The solution is to take my financial crisis and the policy response quiz for me and the best thing you can do is take actions immediately. If you want to keep your finances in good shape, you should get a debt management program as soon as possible.
The next question on the FICO score repair quiz is “What are the benefits of dealing with a good debt management program?” The benefit that you can enjoy is that your credit score will start improving. This can definitely help you in saving money as you will be able to clear off old loans and save money every month. When you take my financial crisis and the policy response quiz for me, you can take advantage of these benefits and can start a new financial life in the near future.
The third question on the FICO score repair quiz is “What are the disadvantages?” Of course, this question might be a bit difficult for many of us who have recently been hit by the economic recession. We know that there are a lot of disadvantages and we know that some of them are hard to overcome. Some disadvantages include the loss of jobs. Even if you manage to get a job, it is likely that you won’t be at the same level you were before. Debt problems can affect your health as well.