After Bankruptcy,what Is the Best Way to Build Credit

question 67

Multiple Choice

After bankruptcy,what is the best way to build credit?

• A)Get a secured credit card
• B)Get an unsecured credit card
• C)Don't worry about credit; it got you in trouble in the first place
• D)Take out a loan

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Definitions:

Par Value

The nominal or face value of a stock or security at issuance, which may not reflect its actual market value.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and entitlement to dividends.

No-par Value

Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.

Legal Capital

The minimum amount of capital that a company must maintain as required by law, often to protect creditors.