Question

"Credit can play a negative role." Justify the statement with arguments.

Answer 1

Explanation:

Credit Play a negative role:-

1. Credits pushes the borrowed in depth.

2. Credits reduces the repulation of the borrower.

3. Credits reduces the borrower to self it fixed asserts.

Answer 2

Hola mate

Here is your answer -

Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.