Question

A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take?

A.) Notify a credit reporting agency in order to negotiate a new payment plan
B.) File for bankruptcy in order to maintain ones current credit score
C.) Notify the credit card companies in order to negotiate a new payment plan
D.) Contact the Internal Revenue Service in order to avoid paying income tax this year

Answer 1

Notify the credit card companies in order to negotiate a new payment plan.