Succeeding in the World of Work

Section 3: Using Credit Wisely

Answers to Section Review

1. You can use a credit card easily; you have to wait for approval before getting a loan.
2. Because purchases do not have to be paid for immediately, some people build up a large amount of debt without realizing it.
3. To find out if the person has a history of paying his or her bills.
4. A credit company makes more money off of cardholders who accumulate debt, because the companies earn interest on the unpaid balances.