Credit is very useful ability to borrow money for obtaining goods or services before payment, based on whether or not a person is capable of promising a future payment in return. In order to be allowed this loan you must have a positive Credit Score.
3 C's That Demonstrate Your Creditworthiness
Costs Associated With Credit
It is a requirement to pay interest in order to receive credit. An annual percentage rate is determined because credit is not something free for any citizen in the country.