The Jones family would like to buy a home, but they have a large amount of debt that has led to a weak credit score. What step could the Jones family take to improve their credit?
Answer
A
They could declare bankruptcy to eliminate the debt they owe.
B
They could ask creditors to defer loans while they apply for a mortgage.
C
They could hire a financial adviser to figure out how to pay off their debt.
D
They could ask a credit agency for assistance with paying off debt.
Explanation
The Jones family can work with a financial adviser to make a realistic plan for paying down their debt. Reducing debt and making payments on time can help improve their credit score. Declaring bankruptcy can seriously damage credit, and asking creditors to defer loans does not address the debt.
AI-written and checked against the verified answer.