If I get too deep in debt, I can eliminate my debts by filing bankruptcy.
I am so far in debt that my situation is hopeless.
If I co-sign a loan, the lender will never come after me.
Make a solid plan for reducing your debt and consistently stick to it.
Consolidate debt with an equity loan.
While the market is down, cash in investments to pay off debts.
Make payments promptly and in an order predetermined on a spending plan.
Cut out luxuries and extra items you can live without.
The total amount they owe on every loan
Interest rates on credit cards, loans, etc.
Payment due dates
How the debt is reported to the credit bureaus
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My total debt amount will be reduced by consolidating the money I owe.
It’s better to have all debts in one consolidation loan, even if the interest rate is higher.
Debt consolidation loans are not for everyone.
A bad credit score may cause a lender to turn down an unsecured consolidation loan.
None of the above. They are all acceptable recommendations.
Be blunt and critical when necessary.
Give advice as needed.
Be judgmental when appropriate.
End on a high note.
None of the above.
Call credit card companies and ask for an interest rate reduction.
Pay only the minimum amount due.
Decide which debts to tackle and in what order.
Make additional purchases on a credit card if items are on sale.
Borrow money from friends and relatives.
Credit card use for groceries
Loans for a vacation
None of the above
They can approve a loan without checking your credit score.
They can secure special government funds to pay off debts.
They are required by law to collect a processing fee before they can begin helping you.
They will erase the majority of your bad credit history.
They can assign you a new Social Security number that has good credit.
Pay off your balance every month.
Only use the recommended 20%-30% of your available credit limit to improve your FICO score.
Aren’t using your card on a regular basis.
None of the above.