Question

Which of the following is not a step in creating a debt payment plan?

Answer 1

Answer: b. Consolidate all credit cards onto a single card with a single interest rate.

Step-by-step explanation: Steps a, c and d are in correct order. First, we have to arrange our debts in order of paying them off. Second, we need to determine how much extra money we have each month that can be contributed to debt payment. And finally, we need to track our progress of paying debt. So, option b is not included in the steps.

Thus, the correct option is b.  Consolidate all credit cards onto a single card with a single interest rate.

Answer 2

The correct answer to this is b) Consolidate all credit cards onto a single card with a single interest rate.