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When you buy an item on credit, you promise your creditor that you will repay the borrowed amount, typically with interest, according to the agreed-upon terms. This includes making timely payments by the due dates and adhering to any other conditions specified in the credit agreement. Failing to fulfill this promise can result in penalties, damage to your credit score, and potential legal action.
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What Item Allows A Person To Buy Good Based On Their Promise To Pay At A Later Date?
The item that allows a person to buy goods based on their promise to pay at a later date is called credit. Credit can come in various forms, such as credit cards, loans, or lines of credit, where the buyer receives the goods upfront and agrees to repay the lender within a specified timeframe. This system enables consumers to make purchases even if they do not have immediate cash available.
Receiving money to buy goods and services with the promise to repay in the future?
Credit
If you buy an item on a credit card pay off balance on credit card then take item back to store what happens?
It depends on the store's return policy,but in most cases your credit card gets credited with the amount of the returned item.
Buy More With Good Credit?
If you want to purchase a house or car, the best thing to do is to repair your credit. If you have repossessions or bankruptcies, or even a divorce on your credit history, it is a good idea to contact the creditor and get started improving your credit rating. To repair credit is easy. Find a store that will let you make payments and make them on time, or buy a car from a car dealer that reports to credit agencies. This will increase your credit rating, making it easier to buy bigger things.
If you've settled a debt with a credit collection agency can the original creditor buy back the account and try and charge you again?
No ... you have the proof that the debt was settled.
Why would you buy computers on credit?
One may buy a computer on credit, if they do not have enough money to spend up-front. Buying something on credit can spread the payment over a few months so a person may be able to afford an item.
What is a household item people often buy on credit?
television, sofa, refrigerator, computer, washing machine, stove.
What are the main function of credit card machine?
it helps you make a transaction at any shop o buy an item
When you buy from amazon after you pay for the first time will you get charged for every item again when they start to ship?
No!, if you use your credit when you buy from amazon you don't get charged until it arrives to your house. So to summerize, you get charged when your item(s) arrive:) Hope that helped
In Poptropica if you buy a item in the Poptropica Store can you give it back and get your credits back?
You can't. The site does not have a policy allowing credit items to be exchanged.
How do you get something on eBay without a card?
to buy an item if you don't have a credit card you can ask someone to get it for you and pay them the amount in cash, that is only if they accept
What is interest free credit?
Interest free credit allows you to buy an item such as a washing machine, car or sofa, then pay for the item over a period of time, usually around 2 years, in monthly instalments without any interest being charged (interest free).
