When You Find You Cannot Pay Your Credit Card Bills

question 158

Multiple Choice

When you find you cannot pay your credit card bills you must take action! Which option is advisable?

• A)Adjust your budget to allow for more money to pay for the cards.
• B)Change to a less expensive credit card or cards.
• C)Use a secured loan or home equity loan to get a lower interest rate to pay the cards off.
• D)Use savings to pay off some or all of current credit card debt.
• E)All of the above

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Definitions:

Proactive Behaviours

Actions taken by individuals that are anticipatory, change-oriented, and self-initiated to bring about positive changes in their environment or themselves.

ROPES

An acronym standing for Review, Objectives, Procedures, Evaluation, and Summary, often used in training and education to structure learning experiences.

Newcomers' Retention

The ability of an organization to keep its newly hired employees over time.

Socialization Method

Socialization method refers to the techniques and processes used to integrate individuals into a new social or organizational environment, helping them to understand and adopt the prevailing norms, values, and behaviors.