If you are expecting difficulties in making your payments, it is recommended that you:
A) talk to the creditors.
B) declare bankruptcy.
C) file a legal complaint.
D) obtain more credit.
E) transfer your debt to another creditor.

Question

Quizplus · Accepted Answer

Talking to your creditors and explaining your situation is the best option if you are expecting difficulties in making your payments. This can help you negotiate a payment plan or other options to avoid default or negative impact on your credit score. Declaring bankruptcy, filing a legal complaint, obtaining more credit or transferring your debt to another creditor may have serious consequences and should be considered only as a last resort.

If You Are Expecting Difficulties in Making Your Payments, It