Problemas
If you are having trouble making auto loan payments and are really following a tight budget which recommendation below represents the WORST advice? A Find an extra source of income by taking a second job, working longer hours, or borrowing from family if they can afford to help B Explore whether a free or non-profit credit counseling service could help C Stop making payments on some of your debts so you can focus on getting the most expensive or largest debts under control D Continue making all payments and call your lenders and see if you can negotiate lower monthly payments, lower interest rates, or longer terms
Roztwór
Miguel
élite · Tutor durante 8 años
4.5
(357 Votos)
Respuesta
'C'
Explicación
## Step 1This problem is about understanding the consequences of different financial decisions when dealing with auto loan payments. The question asks us to identify the worst advice among the given options.## Step 2Option A suggests finding an extra source of income by taking a second job, working longer hours, or borrowing from family if they can afford to help. This is a sound advice as it involves increasing your income to meet your financial obligations.## Step 3Option B suggests exploring whether a free or non-profit credit counseling service could help. This is also a good advice as it involves seeking professional help to manage your debts.## Step 4Option D suggests continuing making all payments and calling your lenders to see if you can negotiate lower monthly payments, lower interest rates, or longer terms. This is a practical advice as it involves negotiating with your lenders to make your payments more manageable.## Step 5Option C suggests stopping payments on some of your debts so you can focus on getting the most expensive or largest debts under control. This is the worst advice among the given options. Stopping payments on your debts can lead to increased debt due to the accumulation of interest and can negatively impact your credit score.