This is the simple definition of credit. Credit is borrowed money($) that you can use to buy things or product you need when you need them and then repay the funds back at an agreed on the given time.
There are two main type credit.
1) Revolving credit on payment cards can give you access to a fixed amount of money that you can spend as you wish, in a wide range of retailers and other outlets.
2) Mortgages or home loans & personal or shop loans are linked to a specific item or items – for example, a new kitchen, or a house,House improvement.
Thanks & Regards.
_____________________________________________________ Secure Credit Card will help you to improve credit score faster.
Hi hari,
This is the simple definition of credit. Credit is borrowed money($) that you can use to buy things or product you need when you need them and then repay the funds back at an agreed on the given time.
There are two main type credit.
1) Revolving credit on payment cards can give you access to a fixed amount of money that you can spend as you wish, in a wide range of retailers and other outlets.
2) Mortgages or home loans & personal or shop loans are linked to a specific item or items – for example, a new kitchen, or a house,House improvement.
Thanks & Regards.
_____________________________________________________
Secure Credit Card will help you to improve credit score faster.