contestada

Henry is having trouble paying his rent and making minimum payments on loans and credit cards. Which should he consider? Check all that apply.

1) Apply for a larger loan at a different bank.

2) Create a budget to track income and expenses.

3) Apply for a credit card to pay for his other expenses.

4) Make less than the minimum payments on his loans and credit cards.

5) Talk to a consumer credit counseling service.

Respuesta :

Cmkmhj
Create a budget to track income and expenses.
Talk to a consumer credit counseling service.

Henry should consider options (2) and (5) to sort out his payment difficulties on loans and credit cards.

What is the major issue with making only the minimum credit card payment?

Paying simply the least amount owing on your credit card account might have a negative impact on your credit score and result in you paying a lot of interest.

Paying more than the minimum, on the other hand, allows you to save money, pay off credit card balances faster, and possibly boost your credit scores.

He should do the following steps:

Make a budget to keep track of your income and expenses.

Speak with a credit counseling service for consumers.

For more information about minimum payments, refer below

https://brainly.com/question/2987529