21
QuizMultiple Choice

Financial Responsibility and Budgeting — Test

Question 21 • Personal Finance

Omar is having trouble paying his rent and making minimum payments on his student loan and credit cards. What should Omar consider doing to improve his situation?

Answer
A
Omar should apply for another credit card to buy food with.
B
Omar should get budgeting advice from a consumer credit counselor.
C
Omar should make less than the minimum payments each month.
D
Omar should apply for a personal loan.

Explanation

A consumer credit counselor can help Omar review his income and expenses, build a budget, and explore ways to manage his debts. Taking on another credit card or personal loan could add more debt, while paying less than the minimum may lead to fees and harm his credit. The best choice is to get budgeting advice from a consumer credit counselor.

AI-written and checked against the verified answer.

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