If you find yourself in a credit hole:
A) Skip making payments until you can afford to pay off your bill
B) Make late payments only on your largest debt
C) Take out a loan to pay off your debt
D) None of the above

Question

Quizplus · Accepted Answer

Skipping payments or making late payments will only worsen your credit score and lead to additional fees and interest charges. Taking out a loan to pay off debt may provide temporary relief, but it can also lead to further financial strain in the long run. The best course of action is to create a budget and payment plan, prioritize paying off high-interest debts, and consider seeking assistance from a credit counseling service.

If You Find Yourself in a Credit Hole