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If You Use Credit, What Are You Creating? A. A Line Of Credit B. Debt C. Collateral D. A Default. A creditor is the lender who is owed the money. How likely you are to pay them back.
Using credit creates a line of credit, which is the maximum amount of money a lender agrees to provide to a borrower It is not created by using credit but is rather a facility that may be used. Using credit creates debt as you borrow money with the intention of repaying it later.
When you use credit, you are effectively. Option b, 'debt,' is the correct answer because it is the obligation that is created when you use credit. What does your credit score tell lenders about you?
When you use credit, you are primarily creating debt. When you receive a loan, the money the lender gives. It is not created by using credit but is rather a facility that may be used.
Using credit creates debt as you borrow money with the intention of repaying it later. Using credit creates a line of credit, which is the maximum amount of money a lender agrees to provide to a borrower If you use credit, what are you creating?
Using credit creates a financial obligation known as debt, where you borrow money or obtain services with a promise to repay later. Which type of tax provides income for retired and disabled people and their families? If you use credit, what are you creating?
A debtor is a borrower who owes money to another person or organization. A creditor is the lender who is owed the money. What does your credit score tell lenders about you?
