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Gretchen Has Five Different Credit Cards and a Large Amount

Question 3

Multiple Choice

Gretchen has five different credit cards and a large amount of debt among all of them. In order to help her get out of her credit card debt more quickly and by reducing her finance charges, what would you recommend she try?


A) Get a line of cash credit on one of the cards to pay off the others.
B) Just keep paying the minimum on all the cards.
C) Consolidate her credit card debt to the credit card with the smallest interest.
D) Sign up for another credit card to help with her expenses so she can pay a little more of the balance on the other cards each month.

Correct Answer:

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