Some consumers might consider purchasing a new car (with a car loan), while using credit cards to

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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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Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

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Question Posted: Jan 02, 2023 02:47 AM

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Some consumers might consider purchasing a new car (with a car loan), while using credit cards to

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

Personal Finance

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