(a) What is consumer credit?
(b) Why might graduates use credit?
(c) How can graduates use credit wisely?

Jacob Marchese of Auburn, Alabama, is the credit manager for a regional chain of department stores. He has been asked to join a panel of community members and make a ten-minute speech to graduating high-school seniors on the topic “Using Credit Wisely.” In the following outline that Jacob has prepared, provide him with some suggested comments.