Credit is the money that you can borrow from a creditor or borrower. In regards to credit cards, credit is the credit card itself which you can use to shop around. You will have to make payments on the card within a stipulated time. In regards to loans, credit is the loan amount you will be getting.
(Just a personal thought, here..) I think it's pathetic that the ONLY worthiness, that we have with banks, fianance companies, etc....is just a number score. I mean, there are several people who know me at 'my' local bank. They know I'm a very responsible person (etc). However.....when it comes to my score, THAT'S what they base my 'credit' on. They know I've come a 'long way' (bad marriage, getting fiancially settled, etc..). However...it's a piece of paper they base their decisions on!!
credit
Hi,
Welcome to this community :)
Credit is the money that you can borrow from a creditor or borrower. In regards to credit cards, credit is the credit card itself which you can use to shop around. You will have to make payments on the card within a stipulated time. In regards to loans, credit is the loan amount you will be getting.
Thanks,
Aaron
credit
(Just a personal thought, here..) I think it's pathetic that the ONLY worthiness, that we have with banks, fianance companies, etc....is just a number score. I mean, there are several people who know me at 'my' local bank. They know I'm a very responsible person (etc). However.....when it comes to my score, THAT'S what they base my 'credit' on. They know I've come a 'long way' (bad marriage, getting fiancially settled, etc..). However...it's a piece of paper they base their decisions on!!
credit
Yeah. That's what it's like. Nothing can be done :(