There are late payments on your credit report. There is a good reason you missed those payments — a reason that is unlikely to occur again. What should you do?(1 point)

Question

There are late payments on your credit report. There is a good reason you missed those payments — a reason that is unlikely to occur again. What should you do?(1 point)

Responses

Publish a notice in the local credit card bank explaining the reason.
Publish a notice in the local credit card bank explaining the reason.

Take out a different credit card with lower interest.
Take out a different credit card with lower interest.

Be sure to explain the reason the next time you apply for credit.
Be sure to explain the reason the next time you apply for credit.

Attach a personal statement to your credit reports.

Answer 1

Attach a personal statement to your credit reports. This will allow you to explain the reasons for the late payments directly to potential creditors who review your credit history. This can help provide context for the late payments and demonstrate that they were due to a specific situation that is unlikely to occur again.