Which statement is NOT part of a debt-reduction plan?
A) Lower debts with the highest interest rates.
B) Slow or eliminate credit card spending
C) Only pay the minimum amount when possible.
D) Use an online debt management calculator.

Question

Quizplus · Accepted Answer

Only paying the minimum amount prolongs the debt repayment process and results in paying more interest in the long run. It is not a part of a debt-reduction plan. Choices A, B, and D are all effective ways to reduce debt.

Which Statement Is NOT Part of a Debt-Reduction Plan