credit Case Studies

Take the loan for the new car because she deserves a nice vehicle after graduating.

Buy the used car with cash and avoid monthly payments.

Take the loan but make minimum payments to keep extra cash for other expenses.

Lease a brand-new car instead since she won’t own it.

Open a secured credit card and pay off the balance in full each month.

Take out a payday loan to build credit quickly.

Get several store credit cards and use them often.

Ignore credit and only pay for things with cash.

Charge the full repair cost to his credit card and pay it off over time.

Take out a payday loan to cover the cost.

Negotiate a payment plan with the repair shop and try to cover the cost with savings.

Open a new credit card with a higher limit.

Take out the student loans because she can always pay them back later.

Go to the school that offers the full scholarship to avoid debt.

Use credit cards to pay for the difference so she doesn’t need loans.

Take out loans and ignore the interest rate since it won’t matter until after graduation.

Take the payday loan since it's a short-term solution.

Borrow the money from a friend or family member and pay it back interest-free.

Take the payday loan and roll it over if he can’t pay it off in two weeks.

Take out a credit card cash advance since it has a higher limit.

Take the title loan and pay it back as soon as possible.

Sell something valuable or work extra hours to come up with the money.

Take the title loan and refinance it if she struggles to repay it.

Get a second title loan from another company to cover payments if needed.

Accept the card and use it for all his shopping to maximize savings.

Accept the card, use it for the discount, then pay off the balance immediately.

Decline the card because store credit cards often have high interest rates.

Accept the card and only pay the minimum balance each month.

Transfer the balance but make sure he pays it off before the promotional period ends.

Transfer the balance and only make minimum payments.

Keep his current card since balance transfers always hurt credit scores.

Take out a personal loan with a fixed interest rate to pay off the credit card.

Finance the furniture since it’s interest-free and she can make payments.

Read the fine print and make sure she can afford to pay it off in time.

Finance the furniture but only pay the minimum amount due each month.

Use a credit card instead since it has a lower interest rate.