Question

describe the importance of credit for an individual with an example

Answer 1

$hey \: dear \: here \: is \: your \: answer$

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✯ in some situation, credit helps increase earnings and therefore the person is better off than before.
we can understand it with an example.
Salim Obtains created to meet the ongoing expenses of production, complete production on time and thereby increase his earning.
Thus, credit plays an important and positive role in this situation.

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$hope \: this \: helps \: u \: dear$
✌✌✌.

Answer 2

Hey dear...

Here is your answer...

✔️Importance of credit :
there’s a definite need to establish credit responsibly in order to achieve our dreams and purchase things you want.

⭐EXAMPLE :car loans, home loans, invest for future...

...... ALONE BUT HAPPY....

Hope it helps you!!!!