answersLogoWhite

0

When items are bought on credit and paid for over a long period of time, the total cost to the buyer often increases due to interest charges and potential fees associated with the credit. This can lead to paying significantly more than the initial price of the item, particularly if the buyer does not pay off the balance quickly. Additionally, extending payments over time can impact the buyer's credit score and financial flexibility. Overall, while credit offers immediate access to items, it can result in higher long-term costs.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Related Questions

Do you get cash back when returning items bought with a credit card?

NO


Can you see what you bought on a credit card?

Yes, you can see the items you bought on a credit card by checking your credit card statement online or receiving a paper statement in the mail.


What items can one purchase on a credit card?

Pretty much anything which can be legally bought.


How many Build-a-Bearville credits will a 15 dollar purchase get you?

it depends on how many items you buy. You get one credit per items bought.


How is a credit account obtained from the retailer Montgomery Ward?

The purchaser begins by choosing the items that they wish to purchase on credit, and submit their information, such as where they want the items to go. The buyer then creates an account and accepts the Terms and Conditions. The order will then be submitted for approval.


How do you get gold on superpoke pets?

You have to buy it with REAL MONEY that means with a credit card . Paypal , Wells Fargo anything suggested. I'm not a gold buyer but i trade with coin items for gold items. So if you want gold your going to have a credit card and money in it. :)


On poptropica the shop how do you get the clothes on that you buy?

You go to your shop then right next to the credit display, there is a ''box'' that looks like the box for your items. click it and your items you bought will be therehehehehe


Which of the following items will increase inventoriable costs for the buyer of goods?

freight charges paid by the buyer


Are debit cards connected to money funds?

Yes... A credit card allows the customer to pay for items bought using the card over an indefinite period, up to an agreed credit limit.A debit card can only be used to purchase goods up to the balance of the bank account linked to it. Debit cards normally have no overdraft facility.


What is the difference between cash and credit purchases?

== == Cash is offered by the buyer, to the seller. Cash is currency, as in dollars. Credit is where the buyer offers a credit card, which is a promise to pay, by the credit card company, who then bills the card holder for the purchase price plus a interest rate, for the service of not having to pay at the time that the items are bought.In an accounting point of view, cash purchases appear in the cash book. A credit purchase records a transaction in a party's name showing that we owe some money to that party to be paid later.


Identify and explain three items on your monthly credit card starement?

Three items that appear on a monthly credit card statement are charges for the billing period, interest rates and amount incurred, and payments that were applied since the last statement was sent.


What do you mean by purchase in account?

Purchase on account means purchases of items on credit basis and payment is done in future time period.