When a consumer believes that she can pay her credit card much faster than it is realistic, she suffers precisely from:

Name: When a consumer believes that she can pay her credit card much faster than it is realistic, she suffers precisely from:
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Question

Quizplus · Accepted Answer

Over-optimism refers to an unrealistic positive view of one's abilities or situation, which can lead to overestimating one's ability to pay off a credit card balance.

When a Consumer Believes That She Can Pay Her Credit