Weegy: Receiving letters or phone calls from creditors is an indication of credit trouble is an indication of credit trouble.
User: What does it mean when a loan is in default?
A. Balance must be paid off in 12 months
B. Balance must be paid off in 6 months
C. Terms of the loan agreement are renegotiated
D. Failure to meet the terms of a loan agreement
Weegy: When a loan is in default it means terms of the loan agreement are renegotiated.
User: When you know you cannot pay your debts, which of the following should you do?
A. Find a second job.
B. Sell off assets.
C. Contact your creditors directly.
D. Pay all past-due bills.
Weegy: When you know you cannot pay your debts, you should contact your creditors directly.
User: How many years of credit report requests are included on a credit report?
A. 7 years
B. 2 years
C. 5 years
D. 1 year
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