To avoid the financial problems associated with excessive credit card debt,you should:
A)Pay off your credit card balance in full each month
B)Use your credit card to pay for small purchases
C)Take advantage of the cash advance feature
D)Use a large number of credit cards
E)Avoid getting help if you think you are in trouble

Question

Quizplus · Accepted Answer

Paying off your credit card balance in full each month will minimize the interest charges and prevent the accumulation of debt. This is the most effective way to avoid financial problems associated with excessive credit card debt.

Answer: B, D, and E are incorrect 
 Using your credit card to pay for small purchases, using a large number of credit cards, and avoiding getting help if you think you are in trouble can all contribute to increasing your credit card debt and worsening your financial situation. Taking advantage of the cash advance feature will also add interest charges and fees, making it harder to pay off the balance.

To Avoid the Financial Problems Associated with Excessive Credit Card