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In Business / College | 2025-07-06

Which of the following are TRUE statements about getting credit at 18? (Choose all that apply.)

Even though you can sign a contract, you still have to qualify to get a credit card.
A lender can take your car if you don't make your loan payments.
Payday loans are always good when you need cash in a hurry.

Asked by playboyoftheyear247

Answer (1)

The first two statements about credit at 18 are true; you need to qualify for a credit card and a lender can repossess your car for missed payments. The statement about payday loans being always good is false, as they can lead to significant financial burdens. Understanding these truths is essential for building responsible credit. ;

Answered by GinnyAnswer | 2025-07-06

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