Santino was excited to get his first credit card because he had heard that it's important to develop a good credit history. At first he just used it to buy his textbooks, but before long Santino was using his card for everything. He treated friends to dinner, bought concert tickets, and even used it for groceries. When his first bill came, he barely had enough to make the minimum payment. With all of his spending, his minimum monthly payment has gone up, and he's had to borrow money from his parents. What should Santino do?
A) apply for another credit card and use it to make payments on his original card
B) contact the credit card company and ask them to increase his credit limit
C) stop using his credit card and focus on paying off his balance
D) use his credit card to get a cash advance, and use that money to make payments
Correct Answer:
Verified
Q12: What is the FAFSA?
A) a private scholarship
Q13: The CCS Profile is used to
A) determine
Q14: Tamayo applied for financial aid a few
Q15: When choosing a credit card, you should
A)
Q16: What happens if you can't pay off
Q18: What type of card draws money directly
Q19: Ellen was on stable financial ground when
Q20: _ will negatively affect your credit history.
A)
Q21: Managing your money is one of the
Q22: You may need an established credit history
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