Social Sciences, asked by rishav53, 1 year ago

how does credit help us in increasing our earnings


hello115: we can start business from taking credits or loans from banks

Answers

Answered by Bhavikajangid
16
when we take a Credit we get we get money in the need we are able to stimulate our earnings by taking a credit and using to investing it in the business
Answered by kanha2503
7
Your credit score is important for getting a loan, so you might assume that your income is part of your credit score. After all, a higher salary means more money available each month to repay those loans.

Your income does not directly affect your credit score, but it does affect your ability to get approved. Loan approval is based on several factors, including your earnings andyour credit score, but those are separate pieces of the puzzle

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