Question

Compare and contrast the advantages and disadvantages of using credit​

Answer 1

Advantages:

⇒ Easy to carry around, almost anywhere.

⇒ Spending is more efficient, and managing money flow.

Disadvantages:

⇒ Can be lost easily if not took care of.

⇒ Overspending can be a cause, because of spending big amounts of money.

⇒ Fraud.