what is credit what are its negative and positive impacts
Answers
Credit refers to an agreement in which the lender supplies to borrower money, goods or services with the promise of future payment. Negative aspects of credit card Credit card debt is bad debt because of its high interest rates and low minimum payments, and the fact that it isn't used to buy appreciating assets. Use your credit cards for the rewards and other benefits, but pay the balance in full each month. Positive aspects of credit card Paying all your bills on time, every time, as agreed under the terms of your contract with the lender. Hope it helps Mark me as brainliest Thanks..
Answer:
Negative aspects of credit card Credit card debt is bad debt because of its high interest rates and low minimum payments, and the fact that it isn't used to buy appreciating assets. ... Positive aspects of credit card Paying all your bills on time, every time, as agreed under the terms of your contract with the lender.