1. Juan Martinez was reviewing his recent bank credit card account statement when he found two charges involving a hotel room rental and a meal, purchased on the same day in a city than Juan knew he had not been to. Their charges totaled $229.99 out of Juans $529.99 balance for the month.

a. What payment should Juan make on the account?

b. How should he notify the credit card issuer about the unauthorized use?

c. Once the matter is resolved, what should Juan do to ensure that his credit history is not negatively affected by this error?

2. Explain the conditions that might make bankruptcy necessary. How might you use the services of a credit counselor?