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Why do some people use credit?

User Ken Wilcox
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1 Answer

1 vote

Answer:

Step-by-step explanation:

If you are talking about why people use credit card, there are several reasons:

  • To buy things at this moment even if they cannot afford it or have cash with them
  • To improve their credit history so that they can apply for loans (to purchase house or cars or investments) and get good rates
  • Do not have to worry about having change or anything cuz credit card can easily be swiped to pay the bill
  • People can also be rewarded for using credit cards cuz many companies offer perks, discount, airfare miles and so much more!

If you are considering getting one, PLEASE MAKE SURE TO PAY OFF YOUR BILLS ON TIME OR OTHERWISE YOU CAN GO IN LARGE AMOUNTS OF DEBT.

User AnotherGatsby
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