During her sophomore year in college Melody received a letter indicating she was eligible for a credit card along with a free gift from Metro State Bank. Melody was really excited until she remembered that any cash she has usually "burns a hole" in her pocket. Melody would likely not be successful with a credit card because:
A) she has difficulty in getting access to credit.
B) she would use it to make impulse purchases that she could not afford.
C) she would not spend up to the limit immediately.
D) her dad would not agree to cosign for her.

Question

Quizplus · Accepted Answer

Melody's tendency to make impulse purchases and her difficulty in managing cash suggests that she may not be able to manage credit responsibly. This could lead to her overspending and possibly going into debt.

During Her Sophomore Year in College Melody Received a Letter