All of the following are reasons that credit counselors recommend using a debt consolidation loan to pay off existing consumer credit accounts, except
A) you will pay lower annual fees.
B) lenders will increase your credit card limits.
C) your monthly payment will be lower.
D) you will pay lower annual finance charges.
Correct Answer:
Verified
Q20: Lenders will consider borrowers who have _
Q21: If you don't make payments on a
Q22: It is recommended that borrowers take the
Q23: Bankruptcy appears on your credit report _
Q24: In assessing a person's creditworthiness using the
Q26: Which of the following is not one
Q27: When lenders evaluate your sources of income
Q28: When you know that you cannot meet
Q29: A person who agrees to take responsibility
Q30: Lenders cannot deny credit based on
A) credit
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