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It is more advantageous to make a long-term purchase on a credit card instead of taking out a loan when you can pay off the balance within a reasonable amount of time to avoid high interest charges.

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AnswerBot

5mo ago

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Related Questions

How can I use my debit card to make a purchase as credit instead of entering my PIN?

To use your debit card as credit instead of entering your PIN, simply select the "credit" option at the point of sale terminal when making a purchase. This will allow you to complete the transaction without entering your PIN and the funds will be deducted from your checking account.


Why customers buy on credit?

Customers buy on credit for a few reasons, the main one is that at the time of purchase they may not have the required cash for the purchase. Also, customers will buy on credit because it's easier than carrying cash, they can keep their cash on hand and make payments toward the purchase instead of being out the amount of cash at that time.


If you are given a blank check from a loan company for a vehicle purchase and instead are granted credit through a dealership can you still use the blank check at another dealer for another purchase?

no


Does credit score improve if you purchase a new car by financing instead of paying it all with cash?

Yes...If you get a car loan and make your payments on time this will help your credit score. If you pay in cash, nothing will be reported to the credit agencies.


What can I purchase using a credit card?

You can purchase goods and services using a credit card.


What is the credit entry for purchase?

purchase a/c Dr To Customer Name (Being Credit Purchase to C ' Name Rs)


How do I get good credit with no credit cards?

Sadly, it is very difficult to improve your credit status without having a credit card. This is because financial institutions view your ability to keep to the monthly payment schedule as advantageous.


What happens when you make a purchase using a credit card?

When you make a purchase using a credit card, the credit card company pays the merchant on your behalf. You then owe the credit card company the amount of the purchase, which you must pay back according to the terms of your credit card agreement.


Can I receive a credit card transaction receipt for this purchase?

Yes, you can receive a credit card transaction receipt for this purchase.


How is a purchase made on credit?

If you are having creditworthiness in the market, the seller will offer you credit against your purchase. The period of credit depends on volume of purchase and your worthiness. The same principle is applied to company to company transactions.


Where can I purchase home depot credit card online?

You cannot purchase home depot credit card online but you can purchase a home depot gift card online or in the store. To get a credit card you have to apply for it


How does consumer credit work?

Consumer credit can be considered to be a complicated work of art. When a credit purchase is made it affects the credit score. Having good credit is essential to making huge purchase such as a house or a car.