Ted applied for a credit card and he was approved. The next week, he found a really nice electronic keyboard and amp set that he

Question

3 years ago

9

Ted applied for a credit card and he was approved. The next week, he found a really nice electronic keyboard and amp set that he

wanted. At $1,000, it was a bit out of his price range for a cash purchase, so he decided to use his credit card for the purchase. Should he? Explain your reasoning.

Social Studies

2 answers:

mina [271] · Answer 1 · 2022-03-09T22:13:52+03:00

mina [271]3 years ago

8 0

Answer:

I would say he should not.

Explanation:

He should not pay with his credit card if he does not have the money to buy it because he doesnt want to go into debt for something that is non essential.

strojnjashka [21] · Answer 2 · 2022-03-09T23:30:16+03:00

strojnjashka [21]3 years ago

4 0

No, he will eventually have to pay back all 1000 dollars of it. if he doesn’t have the money now, then it will be a while to pat it off. and the longer it takes to pay it off, lower his credit score will go.