Rebecca cannot afford her car payments. She decides to stop making payments on the car and get a credit card instead. Evaluate h
er decision. Select the best answer from the choices provided . A. Rebecca should not have gotten a credit card because her credit card payments will be higher than her car payments.
B. Rebecca was right to get a credit card because her credit card payments will be lower than her car payments.
C. Rebecca should not have stopped making payments on her car because now she will only qualify for a high-interest credit card.
D. Rebecca was right to stop making payments on her car because now she will qualify for a low-interest credit ca
In the given scenario, the correct answer can be - C. Rebecca should not have stopped making payments on her car because now she will only qualify for a high-interest credit card.
After stopping the payments, Rebecca became a defaulter in some way. Now, her credit score will drop and this will become a problem in future if she wants to take any other loan. In case if she still gets a loan, she will get a very high interest rate due to this decision.
C. Rebecca should not have stopped making payments on her car although that might not have as a direct consequence that she will only qualify for a high interest credit card
