asked 180k views
3 votes
How does a person use credit to make a purchase ?

1 Answer

2 votes

They are borrowing money to make the purchase, and then they will have to pay it back in the future. The longer they don’t pay it back, the more interest it collects.

answered
User Paolo Mioni
by
8.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.