What should you consider if you have a problem abusing credit cards?

Question 1

Debt isn’t necessarily bad and may provide many benefits.

True

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False

.

20 points

Question 2

You should use credit cards for consumables

True

False

.

20 points

Question 3

What should you consider if you have a problem abusing credit cards?

A. File bankruptcy

B. Transfer your balances to credit cards with lower interest rates

C. Get a loan to pay off credit card debt

D. Tear up your credit cards

.

20 points

Question 4

When should you file bankruptcy?

A. When you want out of debt now

B. To improve your credit rating

C. To avoid losing any of your assets

.

20 points

Question 5

Debt consolidation may be an alternative to filing bankruptcy.

True

False

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