need help

Once they had finished looking at his budget situation and his outstanding debts, Bill pulled out his notes and let Juanita know what he had been up to since their last meeting: "I did my homework after we last met and have narrowed it down to three options to get me out of my debt dungeon: Last updated: 3/10/20 5 First, I can do this debt consolidation thing that I saw an ad for that will help me lower my debts. . Second, I read about these consumer credit counselors who sit down with distressed debtors like me and help sort out these issues. That's what we are doing now, right? Third, a friend told me they had filed for bankruptcy, wiped their debts clean and were able to borrow money again the next month. This seems like a really good option to me. I mean that certainly sounds attractive, doesn't it?" First, I can do this debt consolidation thing that I saw an ad for that will help me lower my debts. . Second, I read about these consumer credit counselors who sit down with distressed debtors like me and help sort out these issues. That's what we are doing now, right? Third, a friend told me they had filed for bankruptcy, wiped their debts clean and were able to borrow money again the next month. This seems like a really good option to me. I mean that certainly sounds attractive, doesn't it?" Before Juanita could interject or respond, Bill pulled out his phone and showed her an ad that he had saved that covered the first option he was considering. He continued: "I contacted the debt consolidation company in the ad and it sounds like exactly what I need. No upfront payment, they contact the credit card companies and the auto loan company and they get me a lower payment and help repair my credit score too. It sounds like it is guaranteed and all the finance companies work with them. Besides, once I sign up for one of these plans, I will be able to start charging on my cards again. This will save me both time and money...what's not to like?" Bes both time and money... Answer this: 7. What inaccuracies should Juanita correct in Bill's comments about debt consolidation? inaccuracies in Bill, as he said: T have seen an ac