Access http://www.consumerlaw.org/initiatives/bankruptcy/
content/using_credit_wisely.pdf
Read pages 1-2, “Ten Things to Think about Before Getting a New Credit Card . . . or Using the One You Have.” Explain your answers to the following questions:

• What conclusions can you draw about using credit wisely from reading these pages?
• What is meant by “Don’t apply for a credit card until you are ready?” Why is this considered good advice?
• What is meant by “Interest rates are important in choosing a card, but not the only consideration?” What are some other important considerations?
• Before using a credit card, why is important to “establish a realistic budget?"
• Why is it advised that, “If you get into financial trouble, do not make it worse by using credit to make ends meet?”
• Describe three important lessons you learned about using credit from reading these pages? Which is the most important lesson?