Access http://www.mtstcil.org/skills/budget-12.html and read the material on the advantages and disadvantages of using credit cards. Based on what you read, explain your answers to the following questions:

• What are the major advantages of using credit cards?
• What are the major disadvantages of using credit cards?
• To what extent do the advantages outweigh the disadvantages?
• To what extent do the advantages and disadvantages of using credit cards apply to using other popular forms of credit (ie. mortgage-lending, borrowing for college, taking out a car loan)?