Why should you consider the advantages and disadvantages before using credit? Multiple select question. so you can ask for more credit just to have some more money if you overspend a little because there are negative effects that can lead to bankruptcy if you are not careful with credit because every person's situation is different (e.g., current debt, future income, tendency to overspend), and credit should be used in moderation because credit can be a good thing or bad thing in a person's life