What is the difference between a credit card and a debit card? A credit card account is buy now, pay later with a certain amount of interest against the principal; for the privilege of borrowing the money when you don't have it. A debit card is basically, buy now- pay now, as it is funded via a checking or savings account and directly affects your available monies.
In order to buy a home you must have good credit.
With this, i think i'll be financially fit
just trying to understand the finer points not interact?
It is the trust which allows one party to provide resources to another party where that second party immediately (thereby generating debt )but instead arrenges either to pay or return those resources at later date,(the resources may be financial or they may consist of good or services.Credit encompasses any form of deffered payments credit extent by creditor also known as alender to a debtor also borrower.
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