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Lesson 6: Spot the Credit Crisis

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Lesson 6:  Spot the Credit Crisis
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  • I'm super excited about our trip to Disneyland!
  • Me, too! Guess what? I got a really awesome credit card offer in the mail.
  • Oh?
  • I get airline miles for every $1 I spend, plus bonus miles for opening a new account! Isn't that great!
  • You've opened three other credit cards recently. With this one, your credit score will go down.
  • I don't think that's a good idea.
  • Why not?
  • Each time you apply for a credit card, your score goes down.
  • Opening too many accounts over a short period of time says you might not be using credit wisely.
  • Wow!
  • Thanks, Jen. You're such a great friend!
  • A smart one, too!
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