PRESENTATION OUTLINE
Credit
Is borrowed money that is used to buy goods and other utilities when you need them.
You get credit from a credit granter. Who you have to agree to pay them back.
4 TYPES OF CREDIT
- Revolving credits
- Charge cards
- Service credit
- Installment credit
WHY DO YOU NEED CREDIT.
GOOD CREDIT IS NECESSARY IF YOU PLAN TO USE CREDIT MAKE A major purchase.
If you do not pay back the money you owed they will give you bad credit that will prevent you to make a major purchase
