116k views
0 votes
Which is a disadvantage of using credit?

2 Answers

2 votes

Answer:

High-interest rates if not paid in full by the due date Annual fees for some credit cards can become expensive over the years. Fee charged for late payments

Explanation:

User Daniele Longheu
by
3.8k points
1 vote

Answer:

Overspending: Credit cards can make life easier, but they can also make overspending easier as well. ...

Interest and fees: Using credit is essentially borrowing.

Explanation:

User James Kleeh
by
5.0k points