What is credit: credit is a convenience. It lets you charge a meal on your credit, pay for an appliance on the installment plan, take out a loan to buy a house, or pay for schooling or vacations.
With credit, you can enjoy your purchase while you’re paying for it or you can make a purchase when you have no cash. There’s always a catch that if not approached appropriately could leave you in financial ruins.
While a credit card makes it easy to buy something now and pay for it later, you
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