What advice would you give to the customer to avoid bad debt?



What advice would you give to the customer to avoid bad debt?..

Answer / Arti Rajput

To avoid accumulating bad debt, customers can be advised to create and stick to a budget, only borrowing when necessary and ensuring they can afford the repayments. They should also aim to pay more than the minimum required payment on their loans, if possible. Regularly reviewing credit reports for errors and timely payments are also important steps in maintaining good credit health.

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