Credit can be a successful financial management tool. Using credit allows you flexibility in managing your budget to purchase goods and services when they are needed the most, not when you have the cash on hand to pay for them. You are offered credit because people trust you to repay them within a stated period of time.
“Credit Cards” by FreeFoto.com, CC BY-NC-ND 3.0
Consumer credit takes many forms, including installment loans, credit cards, department store revolving charge accounts, home …