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Your Cred-O-Meter:
Credit: It's Useful

Credit - It's Useful

Credit is used either as a matter of convenience or necessity.

Remember, credit is defined as the ability to obtain goods or services before payment, based on the trust that payment will be made in the future, usually with interest. Payment may be made all at once or over a period of time. When you owe money as a result of using credit, you are in debt.

Credit is available in a variety of ways, each offering unique advantages.