The advantages and disadvantages of using credit.

1. You are trying to decide whether to finance the purchase of a
used Mustang convertible. What questions should you ask
yourself first?
2. List the advantages and disadvantages of using credit.
3. You want to purchase a home in the next five years. You know
how important a good credit score is for getting a lower
interest rate. What are some ways you can continue to
improve your credit score over the next five years?
4. Why is it important to avoid the minimum monthly payment
trap?
5. What factors (including psychological) would you consider in
assessing the choices in declaring personal bankruptcy? Why
should it be the choice of last resort?

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