Michael recently asked his longtime girlfriend, Jenna, to marry him - and she said yes! Now Michael is starting to think about his financial future. He wants to have a long and enjoyable life, Michael currently has an auto loan and two credit cards. He owes about $4,000 on the car and has no problem making his required payments each month. Michael's VISA card has a credit limit of $1,500 and he only uses it for emergencies and does not carry a balance. His DISCOVER card has a credit limit of $1,000 and he keeps a balance of about $500 which he is paying off by making the minimum payment each month. He first opened his VISA card four years ago and only recently opened his DISCOVER card. Michael thinks it may be a good idea to pay off his auto loan so he only has credit card debt. Is this a good idea? Explain your answer, Upon graduation from college Michael has received four offers for other credit cards and thinks it may be a good idea to apply for all of them because he made need more credit in the future. Is this a good idea? Explain your answer. Jenna does not have a credit history - no loans or credit cards. She recently received a credit card offer. Should she accept? What's the best way for her to utilize the credit card in order to positively impact her credit score