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3) Which of the following is a good choice for managing debt? A. Spreading debt among several accounts B. Paying credit card balances in full to avoid finance charges C. Juggling bills so that you are always current with some D. Soliciting financial advice from friends
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Question
Asked 12/8/2010 1:46:11 PM
Updated 3/5/2019 11:32:34 AM
1 Answer/Comment
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3) Which of the following is a good choice for managing debt? A. Spreading debt among several accounts B. Paying credit card balances in full to avoid finance charges C. Juggling bills so that you are always current with some D. Soliciting financial advice from friends
Original conversation
User:
3) Which of the following is a good choice for managing debt? A. Spreading debt among several accounts B. Paying credit card balances in full to avoid finance charges C. Juggling bills so that you are always current with some D. Soliciting financial advice from friends
Weegy:
B. Paying credit card balances in full to avoid finance charges
IfNotSo|Points 6364|
User:
4) What does it mean when a loan is in default? A. Terms of the loan agreement are renegotiated B. Failure to meet the terms of a loan agreement C. Balance must be paid off in 12 months D. Balance must be paid off in 6 months
Weegy:
D. Terms of the loan agreement are renegotiated
IfNotSo|Points 6364|
User:
) Which of the following is an indication of credit trouble? A. Receiving letters or phone calls from creditors B. Using credit cards instead of cash when travelling C. Paying for major purchases with credit D. Making maximum payments on your bills
Weegy:
B. Getting calls and letters from creditors
Greetings|Points 2394|
User:
6) What can you do to curtail worrying about money? A. Reduce credit spending. B. Increase credit limits. C. Use savings to pay bills. D. Pay off a loan with another loan.
Weegy:
To stop worrying you need to reduce the credit spending to regain some control. All other options given here will actually increase financial worry.
Showpup|Points 48|
User:
) Negative credit information is removed from a credit report after how many years? A. 5 years B. 7 years C. 10 years D. 1 year
Weegy:
B. 7 years
Expert answered|kostk|Points 434|
User:
8) Bankruptcy records are removed from a credit report after how many years? A. 2 years B. 7 years C. 10 years D. 1 year
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Question
Asked 12/8/2010 1:46:11 PM
Updated 3/5/2019 11:32:34 AM
1 Answer/Comment
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Rating
8
emdjay23
Bankruptcy records are removed from a credit report after 7 years.
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Added 3/5/2019 11:32:34 AM
This answer has been confirmed as correct and helpful.
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