When you know that you cannot meet your debt obligations, you should
A) contact your creditors directly to explain the situation.
B) not contact your creditors because it will adversely affect your credit report.
C) declare bankruptcy as soon as possible.
D) use alternative lenders such as payday lenders.
Correct Answer:
Verified
Q23: Bankruptcy appears on your credit report _
Q24: In assessing a person's creditworthiness using the
Q25: All of the following are reasons that
Q26: Which of the following is not one
Q27: When lenders evaluate your sources of income
Q29: A person who agrees to take responsibility
Q30: Lenders cannot deny credit based on
A) credit
Q31: Which of the following is not one
Q32: Which of the following FICO credit scoring
Q33: Negative credit information, with the exception of
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