Question

Which step is not part of the 5-point credit card debt elimination plan?
a.
calculate how much money you earn each month
b.
list all of your current credit cards
c.
add up all the amounts you have in the minimum payment column
d.
pay only the minimum amount on all credit cards

Answer 1

The answer is D, I know this because I got it right on the test.

Answer 2

Answer:

Option:D is the correct answer.

D.

Pay only the minimum amount on all credit cards

Step-by-step explanation:

The step that we must take for a credit card is:

• We must calculate how much money we earn each month beacuse by doing so it would be easy to set our limit on expenses and this limit will be set up on the credit card so that it could be easily payable.
• We must list all of our current credit cards.
• add up all the amounts you have in the minimum payment column.With this strategy, you increase your payment on the credit card with the lowest balance.

So, the step you must not follow is:

d.

pay only the minimum amount on all credit cards.