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fName__________________ Class_____CreditDirections: Check whether the item is an Advantage or a Disadvantage of using credit. Advantage DisadvantageBy simply having a credit card available, a person is likely tospend 34% more than he or she might otherwise spend.Credit can allow you to take advantage of sales when you lackcash to make purchases.Credit can provide cash for emergencies, such as paying torepair a car.Credit can be used for an investment, such as a house.Credit is not free. Borrowers must pay extra for the use ofborrowed money.When you are making credit payments, you don’t have money forother things that come up.Debts can take months- even years- to repay.Excessive credit use and late payments will damage you credit history which may prevent you from getting insurance or evena job.Often, a credit card is necessary to make purchases by telephone or over the internet.Using a credit card helps with conflicts with merchants aboutdefective merchandise because you can ask the credit card company to help with disputes.Usually, a credit card is safe and more convenient than carrying cash.You can use the item- such as a car- before you have the cash to payfor it. The item could also be used for getting and commuting to a job.Directions: We all have an opinion about credit. Some people think cash is the only way to go, others think using a credit is the best way. Still others think it makes sense to use cash and credit, depending on the situation. Take a moment to read through the statements below and think about how you feel about credit.StronglyAgreeDisagreeStronglyAgreeDisagreePeople spend more money when usingcredit.It’s always better to pay cash.Having a credit card would be cool.Saving up for something makes moresense than borrowing to buy it.Having credit is a big responsibility.Brain Pop: Credit - Three facts1.2.3. ................
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