Purchase horse , which is credit and debit
Answers
Answer:
credit because you have bought an item and money has benn taken from your account
Buying a horse on credit isn’t as unrealistic as you might think. When South Carolina based trainer, Rebecca Effron of RAE Equestrian, was a young professional, she bought her first investment horse with a personal loan from a credit union. “I was catch riding , but wanted something consistent so I could hone my training skills and have a chance to build a relationship with my horse,” she explained. “I wouldn’t have gotten a loan for a horse if I didn’t have access to free boarding from working at the farm, and I made to sure to pick the best resell project that I could – a big, amateur friendly gelding,” she said. Though originally looking for a warmblood, Rebecca found all of her boxes checked with a young, hunter under saddle bred Quarter Horse.
Competing at HITS in the 2’6”-2’9” hunters, the horse Rebecca purchased with the loan sold quickly and went on to have a successful National Hunter derby career with an amateur, but she acknowledges that it was a somewhat risky venture. “I definitely was concerned about owing money, so I took precautions,” she said. “I fully insured the horse from the time I got him, including loss of use. Others might not have made that choice, but the extra coverage made me feel more secure about the situation.”
Buying a horse with money from a loan isn’t that much different from the way some fund large purchases with investments groups, but buying with a credit card? Surely that’s far fetched!