Credit
What is Credit?
Credit is money you borrow to make purchases, which you promise to pay back later, often with interest. Unlike cash transactions where you pay immediately with your own money, credit lets you buy now and pay later
Credit vs. Cash
Credit : Borrow money now, and pay it back later.
Cash : Pay immediately with your own money.
Credit Scores:
A number that represents your creditworthiness based on your credit history. Higher scores mean better terms (this is important for making big purchases or applying for jobs in the future).
