answersLogoWhite

0


Best Answer

Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem

User Avatar

Maddison Thiel

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the relationship between debt and credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the relationship between credit debt?

Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem


What is the difference between a debt card and a credit card?

The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


What best describes the difference between credit and debt?

Credit measures ability to buy, while debt means money owed.


How do you settle debt with credit card?

Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.


Which of these statements best describes the difference between credit and debt?

d.)Credit measures ability to buy, while debt means money owed.


Where in Canada can one find information about debt consolidation?

One can find information about debt consolidation on financial websites such as Credit Canada, Consolidated Credit, and Credit Counselling Canada. Also, the bank a person has a relationship with is a good place to get this information.


How may consumer debt be said to have proliferated since the 1990s?

Between 2001 and 2002, credit card debt grew 8.5 percent, and since 1997, credit card debt has grown 36 percent.


What is the difference between credit and debt?

credit is money and dept is where you owe someone or the bank alot of money did this help you?


Where can I get advice on credit card debt solutions?

I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?


Can you forget a debt a debt or have a debt forgiven and not have it hurt your credit?

When a debt is forgiven (a forgetadebt as you call it), it will be reported to the credit bureaus. But you will have less debt, which is a positive.


What is financial gearing?

It is the relationship between shareholders equity and fixed interest debt.


What companies offer the best debt consolidation loans?

Debt consolidation is basically a larger loan to pay of your smaller debt. Many companies out there offer debt consolidations but the best place to start is you bank or credit union since you already have a relationship to them.