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What is an example of credit?

Updated: 9/18/2023
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9y ago

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An example of credit is when someone lets you have something with only the promise to pay them later. Credit limits are often given by financial institutions allowing people to borrow up to a certain limit.

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Q: What is an example of credit?
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Related questions

Is mortgage an example of closed end credit?

closed-end credit :)


Why should you buy plans for a credit card?

Because credit cards can make spends (Example)


Can your credit rating or score improve without using your credit card?

Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.


Give him credit is an example of what figure of speech?

figure of speech is a kind of a style. the credit of this is point of figure.


What is an example of an example in a sentence?

An example in a sentence might look like this. "A good example of a credit card would be a Visa or Mastercard".


What is an example of site?

An example of a comparison site is credit card comparison sites. you enter in all your information (name, birthdate, address, SS) and based on your credit score they are able to come up with and compare the best credit card for you


What is an Example of good credit?

Paying off all credit cards each month Paying off all credit cards each month


Which is an example of closed-end credit?

Your house or car are purchased using closed-end credit, which is credit that must be paid in full by a date certain.


Do credit cards have letters in a credit card number?

Some credit cards have letters. Others don't have. Visa for example have a letter V superimposed.


What credit score do you need to get a credit card?

Below you will find an approximate example of what an issuer may use in regards to credit. One factor to consider is the rate will differ dramatically from a person with good credit and a person with bad credit. Credit rating and history will also affect the amount of credit that is given. Credit Score Rating Example Excellent - 720 - 850 Good - 680 - 720 Fair - 640 - 680 Poor - 350 - 640 No Credit - 300 - 349


What is an example of sentence using the word credit as a noun?

He was given credit for solving the problem. She needs to earn one more credit before she can graduate. They bought their bedroom furniture on credit.


What is a example of a credit card number?

An example of a card number is 3476 5467 9845 9856