Scenario 4 Credit Card You are going to meet your younger sister Kayla for dinner and she cant wait to tell you about her plans for summer vacation. Kayla is a freshman in college and is very adventurous. While enjoying your dinner, you learnt that Kayla got three credit cards in April, and now, she wants to use that money to spend on her vacation in Bahamas. She has a plan to rent a boat and a condo over there. In Personal Finance, you have learnt that forty-five percent of college students have an average credit card debt of more than $3,000, and you want to share some words of wisdom to Kayla before she starts using all her credit cards. Explain to Kayla the advantages and disadvantages of using credit card and why it is important to use credit cards wisely. (use words like not free money, interest rate, minimum payments, paying off loan, credit rating, credit score and future loans).