lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to…

lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. she has to decide whether to use a credit card or to finance the bike through the store. which questions should lakesha answer before making her decision? check all that apply.\n□ will this cause my bank account to have a negative balance?\n□ what is the difference in the finance charges for the two choices?\n□ how much will the bike cost when adding the finance charges to the price?\n□ should i talk to a consumer credit counseling service?\n□ can i pay at least the minimum payment each month?\n□ will i be able to make the payments and avoid late fees?

lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. she has to decide whether to use a credit card or to finance the bike through the store. which questions should lakesha answer before making her decision? check all that apply.\n□ will this cause my bank account to have a negative balance?\n□ what is the difference in the finance charges for the two choices?\n□ how much will the bike cost when adding the finance charges to the price?\n□ should i talk to a consumer credit counseling service?\n□ can i pay at least the minimum payment each month?\n□ will i be able to make the payments and avoid late fees?

Answer

Brief Explanations:

  1. Since she's considering credit - related options, knowing finance charges helps in cost - comparison.
  2. Total cost with finance charges gives an overall expense picture.
  3. Ability to make minimum payments is crucial for credit standing.
  4. Avoiding late fees is important to prevent extra costs and credit score damage. Talking to a counseling service is optional and the bank account negative balance is not relevant as she's not using debit.

Answer:

What is the difference in the finance charges for the two choices? How much will the bike cost when adding the finance charges to the price? Can I pay at least the minimum payment each month? Will I be able to make the payments and avoid late fees?