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Money is a solid object, once you spend it, its gone. and credit is not solid, instead kind of an iou to the bank. Basically whats happening is the bank loan you money every time you need it ( charge you for it too) and then at the end of the month you have to pay it back. also another way to carry money is on a debit card, this is a card that basically holds your money, there are no fees for debit cards since its your money, maybe just a small service charge.
What else can I help you with?
What is the main difference between credit and debit?
The main difference between credit and debit is that credit allows you to borrow money that you have to pay back later, while debit uses money you already have in your account.
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?
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
What is the main difference between debit and credit transactions?
The main difference between debit and credit transactions is that a debit transaction involves money being taken directly from a bank account, while a credit transaction involves borrowing money that must be paid back later.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What is the main difference between credit and debit?
The main difference between credit and debit is that credit allows you to borrow money that you have to pay back later, while debit uses money you already have in your account.
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?
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
In accounting what is the difference between debit and credit?
A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
What are the three difference between a bank and a credit union?
A bank holds and stores money, and a credit union is for a temporary holding for money, and your only suppose to have a certain amount of money in the credit union
What is the main difference between debit and credit transactions?
The main difference between debit and credit transactions is that a debit transaction involves money being taken directly from a bank account, while a credit transaction involves borrowing money that must be paid back later.
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What best describes the difference between credit and debt?
Credit measures ability to buy, while debt means money owed.
What is the difference between credit and debit?
Credit refers to money that is borrowed and must be paid back, while debit refers to money that is taken directly from a bank account.
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
