What Exactly is Credit?

It seems that everyone has a credit card these days. It's so easy to pull out your card to buy whatever you want, isn't it? The reality is a little different.When you use a credit card to buy something, for example a new television or a dress, the bank or store is actually lending you the money to make the purchase. In a few weeks they will send you a bill and you are expected to pay back the loan. The best thing to do at that point is pay the bill in full.Your minimum payment required each

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