Question 9 of 40 • JPS-2025/26-Arvada West-CO-Economics and Financial Literacy (semester)-(CR)-CATS/Parriott
The Jones family would like to buy a home, but they have a large amount of debt that has led to a weak credit score. What step could the Jones family take to improve their credit?
Answer
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They could ask a credit agency for assistance with paying off debt.
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They could declare bankruptcy to eliminate the debt they owe.
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They could hire a financial adviser to figure out how to pay off their debt.
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They could ask creditors to defer loans while they apply for a mortgage.