It allows you to buy things with future money (money you haven't got yet),
AND
it allows the lender to make money from your impatience. (a LOT of money).
nature and function of credit
The function of a business credit application is to help manage and screen out potential customers who are seeking approval for loans and credit cards. This application helps increase efficiency.
They provide trustworthy credit reports.
A credit analyst is the one who evaluates the credit worthiness of individuals and businesses. They make decision about customer credit applications using different criteria that includes credit viability, customer payment history and purpose of application.
The Equal Credit Opportunity Act prohibits discrimination in credit transactions on the basis of marital status, race, sex, and so forth.
nature and function of credit
Functions of credit note
The main function of the international credit market is to make profit. Another function is to ensure that the local currency value is not brought down.
The function of a credit card terminal is to provide a trader with the tools to allow a customer or consumer to pay for services or goods through credit cards as the credit card terminal allows for transaction through credit cards.
The function of a business credit application is to help manage and screen out potential customers who are seeking approval for loans and credit cards. This application helps increase efficiency.
The function of a business credit application is to help manage and screen out potential customers who are seeking approval for loans and credit cards. This application helps increase efficiency.
yes
The fees and interest on credit provide a bank with substantial income.
They provide trustworthy credit reports.
The Fair Credit Reporting Act allows consumers access to credit records for the purpose of correcting errors.
They provide trustworthy credit reports.
A credit analyst is the one who evaluates the credit worthiness of individuals and businesses. They make decision about customer credit applications using different criteria that includes credit viability, customer payment history and purpose of application.