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How does buying on credit work?

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Anonymous

12y ago
Updated: 8/17/2019

"buying on credit" is basically borrowing money from banks/people, so you can buy luxury items. You use it, to invest into stocks.

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Wiki User

12y ago

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Buying on credit?

Buying on credit is also called Buying on Margin


What are the advantages and disadvantages of buying a computer on credit?

Buying a computer on credit allows you to get the computer immediately without having to pay the full amount upfront. This can be advantageous if you need the computer for work or school. However, buying on credit can lead to high interest charges and debt if you are unable to make timely payments.


1920 buying on credit was called buying on?

Buying on Margin


What is another name for buying on credit?

buying on margin


What is buying stock on credit called?

Buying on margin.


How does web credit card processing work?

Credit card processing works on webpages when buying something. The credit card makes the order, it is processed through the card company and seller's webpage.


What is buying on credit?

Buying on credit is a program that allows customers to buy now and pay later.


What is buying by credit?

This is the process of buying goods without instant payment.


What is the term for buying on credit?

Borrowing.


1920s buying on credit?

Margin


What are some options for buying a car with bad credit?

There are many options for buying a car with bad credit. Some options for buying a car with bad credit include taking out a loan from a company and taking out a loan from a friend or family member.


What is Auto Land and how does it work?

Auto Land is an auto buying credit service that provides car loans for people who are buying cars. You can apply at their website and they will provide you will information that you will need such as the amount of your monthly payment.