Question 14 Why should you never borrow up to your credit limit on a credit card? Choose the best answer. OA. Why not? That's why they gave it to me. Borrowing up to your credit limit on your credit card increases your "debt-to- O B. income" ratio. Having a high "debt-to-income" ratio is one reason some credit bureaus lower a person's credit rating. Oc. My credit limit is mine to spend and I can always pay it off later. OD. Credit limits can always be increased with a quick phone call. Save and Quit

Question 14 Why should you never borrow up to your credit limit on a credit card? Choose the best answer. OA. Why not? That's why they gave it to me. Borrowing up to your credit limit on your credit card increases your "debt-to- O B. income" ratio. Having a high "debt-to-income" ratio is one reason some credit bureaus lower a person's credit rating. Oc. My credit limit is mine to spend and I can always pay it off later. OD. Credit limits can always be increased with a quick phone call. Save and Quit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ee 133.
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