Question

What is credit how can credit be a negative and positive

Answer 1

1)Credit is a situation where a lender supplies borrower with goods or services in promise of future payment.
It has two situations
2)Better off than before -when credit taken benefits borrower than it is a positive effect that leads to development of borrower
3)worse off than before-when credit taken pushes the borrower in debt trap the situation is negative and thus hinders development.