Question: Some consumers might consider purchasing a new car (with a car loan), while using credit cards to cover other purchases, and making only the minimum

Some consumers might consider purchasing a new car (with a car loan), while using credit cards to cover other purchases, and making only the minimum required payment to the credit card company each month. What is your opinion of this strategy?

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I do not recommend this strategy as it could put a consumer in a financial bind Making only t... View full answer

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