Answered

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Which phrase best completes the diagram?
Effective Strategies for Managing Credit
?
Paying more than the minimum monthly payment
Replacing high-interest loans with low-interest loans
O A. Paying bills on time
B. Frequently filing for bankruptcy
C. Spending over credit limits
D. Avoiding all credit cards

Sagot :

chickenbuttboo

Answer: mine is a bit different the question mark at the top is at the bottom for me but the answer on the top for me is paying bills on time

Explanation:

So I say A

The best phrase for Effective Strategies for Managing Credit is replacing high interest loans with low interest loans and paying bills on time.

What is credit?

It is a process in which one party provides any sum of money or resources to the other party on the basis of trust. The latter pays the sum after some time on a given specific date.

Credit can be both interest bearing or non interest bearing.

What are effective strategies for managing credit?

  • Regular credit check
  • Strict credit terms
  • Invest in Training
  • Replace high interest bearing loans with low interest bearing loans
  • Regular payment of bills
  • Managing credit score

What is Interest?

Interest is the type of amount which is paid when a sum of amount is given to someone as credit, to provide credit facility one receives some amount which is interest.

Hence option A is the correct answer,

To learn more about Credit, click here

https://brainly.com/question/7066178

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