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QuizMultiple Choice

Bankruptcy

Question 1 • FL-2102371-Personal Finance and Money Management

Which of the following should a person avoid when reestablishing a positive credit history after bankruptcy?

Answer
A
making late payments
B
delaying big purchases
C
carrying credit balances
D
reexamining your budget

Explanation

A positive credit history depends on paying bills on time, so a person should avoid making late payments. Delaying big purchases and reexamining a budget can help with financial recovery, while carefully managing credit balances can support responsible credit use.

AI-written and checked against the verified answer.

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