One major advantage of credit is that it allows consumers to
A.eliminate debts that they are unable to pay off
B. Earn a higher salary for each year at the same job
C. Make a large purchase and pay for it over time
D. Earn interest on money they put in savings accounts

Credit can be an effective instrument for improving your financial situation, gaining access to better financial products, reducing interest costs, and even avoiding the need to make a deposit when opening utility or cell phone accounts.

Thus, Customers that have credit can make purchases of products or assets without having to pay in cash upfront. A person with a strong credit history has a demonstrated history of repaying all of their debts in full and on schedule.

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One major advantage of credit is that it allows consumers to A.eliminate debts that they are unable to pay off B. Earn a higher salary for each year at the same job C. Make a large purchase and pay for it over time D. Earn interest on money they put in savings accounts

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What are the advantages of Credit?

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One major advantage of credit is that it allows consumers to
A.eliminate debts that they are unable to pay off
B. Earn a higher salary for each year at the same job
C. Make a large purchase and pay for it over time
D. Earn interest on money they put in savings accounts