credit is money and dept is where you owe someone or the bank alot of money did this help you?
Credit measures ability to buy, while debt means money owed.
d.)Credit measures ability to buy, while debt means money owed.
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.
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
That's the difference between ying and the yang. For example the 'Unsecured Assets' department of a Bank issues you a credit card- That's an asset to the bank; And a debt for you. How effectively the Bank manages its credit card portfolio is called asset management. How effectively you pay back your debt is called debt management
Credit measures ability to buy, while debt means money owed.
d.)Credit measures ability to buy, while debt means money owed.
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.
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
That's the difference between ying and the yang. For example the 'Unsecured Assets' department of a Bank issues you a credit card- That's an asset to the bank; And a debt for you. How effectively the Bank manages its credit card portfolio is called asset management. How effectively you pay back your debt is called debt management
Credit refers to money that is borrowed with the expectation of repayment, often with interest. Debt, on the other hand, is the amount of money that is owed to a lender or creditor. In simple terms, credit is the ability to borrow money, while debt is the amount that has been borrowed and needs to be repaid.
Credit markets are a subset (most notably the corporate bond market) of the larger debt markets which include many kinds of debt like CD's and individual loans. (thanks to wikipedia) Hope that helps! Best, Wrencis
What is the difference between micro credt and rural credit?
The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing
the difference between installment credit and open ended credit is they are the same..
8 out of 10 people have negative, errors or derogotory items on their credit report. This can be disputed.As I was reading this question, it could be a timing difference between when each credit card reports your debt. It can either be cleared up in the month or if it is a debt that went into collections then see paragraph above.
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.