Answered

13. Which statement about negative
entries on your credit report is NOT
true?
a. After 7 years, bed debit is
removed from the report.
b. There are ways to dispute
incorrect information on your
credit report.
c. Deleting a bad debt will
immediately raise your credit
Score.
d. Late payments remain on a
credit report for 7years.



Answer :

GinnyAnswer
In the provided options, the statement that is NOT true regarding negative entries on your credit report is: c. Deleting a bad debt will immediately raise your credit score. Explanation: 1. Removing a negative entry, such as a bad debt, from your credit report will not automatically result in an immediate increase in your credit score. 2. Even if a bad debt is deleted from your report, other factors like your payment history, credit utilization, and length of credit history play a significant role in determining your credit score. 3. Improving your credit score generally takes time and consistent positive financial behavior, such as making on-time payments and maintaining low credit card balances. 4. Therefore, it's important to understand that while addressing negative entries is essential, the impact on your credit score may not be instant or significant. Remember, improving your credit score is a gradual process that involves various factors beyond just removing negative entries.

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