the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
Why do we have credit? Whats its purpose?
They're important to have if you ever decide to purchase a home, a car, or even open your own business. Purpose credit is secured by cash and/or securities in a margin account.
It's important to know the pros and cons of creditcards if you want to use them to your advantage. Building credit, earning cash back and benefiting from fraud protection are just a few of the many advantages of using credit cards. ... If misused, credit cards can leave you with debt, fees and poor credit
Pros/Cons of credit?
The different types of credit. There are three types of credit accounts: revolving, installment and open. One of the most common types of credit accounts, revolving credit is a line of credit that you can borrow from freely but that has a cap, known as a credit limit, on how much can be used at any given time.
Types of credit available and when its useful?
5 c's of credit
The five C's, or characteristics, of credit — character, capacity, capital, conditions and collateral
Urna nec tincidunt praesent semper feugiat nibh sed pulvinar. Vel pretium lectus quam id leo. Cras pulvinar mattis nunc sed blandit. Commodo quis imperdiet massa tincidunt nunc pulvinar sapien.