5
QuizMultiple Choice

Managing Financial Information — Quiz

Question 5 • Personal Finance

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 a credit agency for assistance with paying off debt.
C
They could ask creditors to defer loans while they apply for a mortgage.
D
They could hire a financial adviser to figure out how to pay off their debt.
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