Question

If you make poor choices with your credit card in college, what consequences could

result?
1. You could have trouble purchasing a home or car
2. You could lose out on a job
3. You could be charged higher interest rates on future credit
4. All of the above.

Answer 1

If you make poor choices with your credit card in college, you could face difficulties in purchasing a home or car, lose out on job opportunities, and be charged higher interest rates on future credit.

Step-by-step explanation:

If you make poor choices with your credit card in college, the consequences could be serious. One consequence is that you could have trouble purchasing a home or car. Lenders will look at your credit history, and if you have a track record of poor credit card management, they may be hesitant to approve your loan application.

Another consequence is that you could lose out on a job. Some employers conduct credit checks as part of the hiring process, and a poor credit history could negatively impact your chances of getting hired.

Additionally, making poor choices with your credit card could result in higher interest rates on future credit. When you have a low credit score, lenders consider you to be a higher risk borrower and may charge you higher interest rates to compensate.

Learn more about consequences of poor credit card choices in college