advantage of credit Credit helps buying become more convenient for customers what does it mean?
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The benefits of having credit are: The option of buying something today and paying the money back over time, rather than having to wait. The flexibility to act on major purchases and life opportunities that may require more money than you have on hand right now, like buying a computer, or borrowing for college.
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Explanation:
9 Benefits of Having a Good Credit Score:
- Low Interest Rates on Credit Cards and Loans. ...
- Better Chance for Credit Card and Loan Approval. ...
- More Negotiating Power. ...
- Get Approved for Higher Limits. ...
- Easier Approval for Rental Houses and Apartments. ...
- Better Car Insurance Rates. ...
- Get a Cell Phone on Contract With No Security Deposit. ...
- Avoid Security Deposits on Utilities.
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