define credit. Is credit always beneficial
(CBSE X, CHAPTER MONEY AND CREDIT)
Answers
Answered by
0
Answer:
Credit is part of your financial power. It helps you to get the things you need now, like a loan for a car or a credit card, based on your promise to pay later. Working to improve your credit helps ensure you'll qualify for loans when you need them. musashixjubeio0 found this answer helpful.
Answered by
0
Answer:
The ability of any costumer to obtain goods or services before payment.Credit can be useful but not always because it may lead to debt trap(which is a painful condition when the person is not able to pay the credit) if the costumer doesn't have enough money to pay the credit on time.
Similar questions