Who should set your debt limit?
A)You
B)The lender
C)The credit bureau
D)FICO

Question

Quizplus · Accepted Answer

You are the one who is responsible for managing your finances, including your debts. Setting your own debt limit allows you to take control of your spending and avoid getting into debt that you cannot afford to pay back. It is important to be realistic about your income and expenses when setting your debt limit to ensure you do not end up with unmanageable debt.

Who Should Set Your Debt Limit