1. Do you recommend this person open a credit card account? Why or why not?
2. If they do open the new credit card account, what's one thing this individual should monitor or use caution?
Crystal-
Took time off after high school and during the first year, worked full-time and moved out of her parents house
Is responsible for her own expenses
Took out a large car loan which she quickly fell behind on in payments
Overdrew her checking account numerous times, spending money she didn't have to live a fun, carefree lifestyle
In year two, traded in the car for a much cheaper one, settled her outstanding debt on the car loan, and put herself on a much stricter budget
Now moved back in with her parents and enrolled in community college
Considering applying for her first credit card
