Question

what is terms of credit situation????.. ​

Answer 1

Answer:

Explanation:

Now a good credit history means you need to use credit all the time. This where some people end up failing their credit scores. There is a big difference between using credit and being in debt. What some consumers fail to understand is that you can have a high credit score and not be in debt. But of course, that would mean using credit wisely. Unfortunately, this is a hard task for most people. According to a study done by ConsumerFinance.gov, a lot of people are credit invisible. This is probably because some of them choose not to use credit at all for fear that they will end up in debt. The report mentioned that as of 2010, 26 million Americans do not have a credit history – at all. Not only that, there is 19 million who have a credit history but it is so thin it cannot be measured. That is a total of 45 million consumers or 19.3% of the consumers