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Debt settlement

Authored by Mnera ald

Financial Education

11th Grade

Used 1+ times

Debt settlement
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6 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 10 pts

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which of the following represents the party that gives the loan?

The creditors

The maker

The debtor

The issuer

2.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

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debt settlement is useful for increasing the amount of the financial obligation?

False

True

3.

MULTIPLE CHOICE QUESTION

45 sec • 10 pts

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debt settlement is useful for reducing the total amount of debt owed?

False

True

4.

MULTIPLE CHOICE QUESTION

45 sec • 10 pts

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debt settlement is a tool to increase the amount of obligations?

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

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debt settlement could be done when negotiating with your creditor?

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 14 pts

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debt is obligation that requires one party, the debtor to pay money, other agreed upon value to another party the creditor?

True

False

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