Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

is that better Students, read through the following Credit Card scenarios and respond whether or not you believe they should apply for a credit card

image text in transcribed
is that better image text in transcribed
Students, read through the following Credit Card scenarios and respond whether or not you believe they should apply for a credit card and why? Number your responses tik this: Sample Response: Rosa can afford a card but she needs to make sure to get a low APR and not carry too much over every month. Scenario 1: Sofia is a college senior in the first week of school. She is bombarded with credit card applications, many of which mention something about special student rates." blia is starting a part-time job, and she is sure she'll get a good job after graduation. She is wondering if a credit card is right for her. Scenano 2 Laurence and Cindy both have had good jobs for several years and want to get a credit card. They expect to pay off all charges in full each month to keep from having to pay finance charges. They are trying to decide if the card is right for them. Scenario 3: Ginny is a single mom with three young children. She has a good job, but she also has many expenses with the children and only one income in the household She is considering getting a credit card, Scenario : Nelson is a recent college graduate, but he has not started a job in his degree field. He is currently working in retail and has numerous expenses for material items. He wants a credit card Scenarios Finn wants to help out his friend who can't get a credit card on his own. He knows he can be a co-signer and help his friend establish positive credit. He's not sure if he should get a card in just his friend's name or one in his name as well 10 Notebo Posted Wed Dec 2.2020 M 402 pm Students, read through the following Credit Card scenarios and respond whether or not you believe they should apply for a credit card and why? Number your responses like this: Sample Response: Rosa can afford a card but she needs to make sure to get a low APR and not carry too much over every month Scenario 1: Sofia is a college senior in the first week of school. She is bombarded with credit card applications, many of which mention something about special "student rates." Sofia is starting a part-time job, and she is sure she'll get a good job after graduation. She is wondering if a credit card is right for her. Scenario 2 Laurence and Cindy both have had good jobs for several years and want to get a credit card. They expect to pay off all charges in full each month to keep from having to pay finance charges. They are trying to decide if the card is right for them. Scenario 3: Ginny is a single mom with three young children. She has a good job, but she also has many expenses with the children and only one income in the household. She is considering getting a credit card. Scenario 4: Nelson is a recent college graduate, but he has not started a job in his degree field. He is currently working in retail and has numerous expenses for material items. He wants a credit card. Scenario 5: Finn wants to help of his friend who can't get a credit card on his own. He knows he can be a co-signer and help his friend establish positive credit. He's not sure if he should get a card in just his friend's name or one in his name as well

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Finance

Authors: Lawrence J Gitman, Jeff Madura

1st Edition

0201635372, 9780201635379

More Books

Students also viewed these Finance questions

Question

6.8 Find a z o such that P(-z

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago

Question

In bargaining, does it really matter who makes the first offer?

Answered: 1 week ago