Colby needs to get his car fixed in order to get to work, and he doesn't have an emergency fund or enough cash in his account to pay for the repair, which costs $975. Which option below is likely the WORST financial decision to solve his problem? 

Group of answer choices 

Borrow the money from his parents, who will charge him 5% interest 

Take out a payday loan 

Take out a home equity loan 

Put the repair on his credit card