Question

what are the requirements do you need for credit​

Answer 1

Answer:

For credit u need ⤵ this explanation °_°

Explanation:

The four terms of credit are :

1 Interest rate- The borrower has to pay a sum of money as interest along with the prinicipal amout.

2.Collateral- It is an asset that the borrower owns and uses this as aguarentee to the lender until the loan is repaid.

3. Documentation- Proper documents of borrowing with all the terms and conditions must be submitted.

4. Mode of repayment - The mode through which the borrower will repay the loan must be clearly mentioned.

I just explained the terms means u require the above.

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Answer 2

Answer:

Basic requirements to get a credit card

Be at least 21 years old or 18 with either a parent's permission or a verifiable source of income. ...

• Have a Social Security number. ...

• Have a source of income. ...

• Have a positive credit history. ...

• Start earning rewards.

Explanation:

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