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Subjects>Business>Finance

What is credit and debt?

Anonymous

∙ 16y ago

Updated: 9/14/2023

credit is when you pay for something with another companie's money, and then you have to pay them back later. Debit is when you pay for something with your own money out of a bank accound.

Wiki User

∙ 16y ago

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Continue Learning about Finance

Where can I get advice on credit card debt solutions?

I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?

Is a deposit a credit or debt?

Credit :)

Can a collection agency remove debt from my credit report?

No, a collection agency cannot remove debt from your credit report. Only the credit bureaus or the original creditor can remove the debt from your credit report.

How can someone pay off their credit card debt?

There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.

The amount of credit-card debt a person has?

The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.

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Related Questions

Where can I get advice on credit card debt solutions?

I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?

Can you forget a debt a debt or have a debt forgiven and not have it hurt your credit?

When a debt is forgiven (a forgetadebt as you call it), it will be reported to the credit bureaus. But you will have less debt, which is a positive.

Is a deposit a credit or debt?

Credit :)

Is sales a debt or credit?

A credit.

Could You Get Garnished For A 1900 Credit Card Debt?

There were no credit cards in 1900, hence no credit card debt.

Can a collection agency remove debt from my credit report?

No, a collection agency cannot remove debt from your credit report. Only the credit bureaus or the original creditor can remove the debt from your credit report.

How can someone pay off their credit card debt?

There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.

The amount of credit-card debt a person has?

The amount of credit card debt a person has may hurt them from receiving credit when they apply for loans. It is called debt to income ratio.

What is credit card debt considered?

revolving debt

Will college debt consolidation show up negatively on my credit?

If you have a lot of debt on your credit from college and are doing college debt consolodation it doesnt mess your credit up, it helps you get your credit back , they work with you to help you .

Will a credit counseler help you get a debt settlement on your credit card?

A credit counselor may be able to help you get a debt settlement on your credit card. It will depend on if the counselor only gives you ways to get out of debt or if they are a settlement counselor.

What is the opposite word to debt?

creditThe opposite of debit is credit. A debit is something owed. A credit is something gained.

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