Financial Responsibility Answers

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Choose the advantages of using a credit card. Check all that apply.

builds credit history

no monthly payments

no interest fees

small payments over time

emergency funds intact

Henry is having trouble paying his rent and making minimum payments on loans and credit cards. Which should he consider? Check all that apply.

Apply for a larger loan at a different bank.

Create a budget to track income and expenses.

Apply for a credit card to pay for his other expenses.

Make less than the minimum payments on his loans and credit cards.

Talk to a consumer credit counseling service.

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