Question

2. Mary is an authorized user on her parents' credit card. What may happen if Mary doesn't use the card in a responsible way? Mary's parents' credit may be damaged Mary and Mary's parents' credit may be damaged None of these answers are correct Mary's credit may be damaged

Answer 1

Mary is an authorized user on her parents' credit card. If Mary doesn't use the card in a responsible way, then her parent's credit may be damaged. Parents can face a serious financial ruin. A major part of her parent's earnings will go towards paying for the misuse Mary had incurred. Parents can also face debt. Hence, a credit card must be used responsibly.