If You Find That You Cannot Make Your Payments,the First

question 5

Multiple Choice

If you find that you cannot make your payments,the first thing you should do is:

• A)skip town.
• B)declare personal bankruptcy.
• C)borrow from a loan shark to make the payment.
• D)let the borrower go to a collection agency.
• E)contact your creditors and try to work out a modified payment plan with them.

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Definitions:

Specific Event

An occurrence or happening that is distinctive in a series of things or events, often marked by its significance or impact.

Swazi People

An ethnic group native to Eswatini (formerly Swaziland) and Southern Africa, with a rich culture and history rooted in their monarch and traditional ceremonies.

Cultural Context

The set of social, historical, and environmental conditions and influences that shape the practices, beliefs, and understanding of individuals or societies.

Memory Abilities

The capacity of the brain to store, retain, and recall information and experiences, varying widely among individuals.