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Your Cred-O-Meter:
What Is Credit: Credit for Necessity

There are also times when you may need to use credit out of necessity. For anyone hospitalized, payment is usually in the form of credit. Hospitals will treat patients immediately, with the understanding that insurance payments and billing will be worked out later. If your car breaks down or your computer goes on the fritz and you don’t have money saved for emergencies, you might find yourself using credit out of necessity.