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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.

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Q: What is credit and debt?
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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 sales a debt or credit?

A credit.


Is a deposit a credit or debt?

Credit :)


Could You Get Garnished For A 1900 Credit Card Debt?

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


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.


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 credit card debt considered?

revolving debt


What is the opposite word to debt?

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


If you are leaving dubai will your credit card debt follow you?

Your credit card debt will follow you but may not be recorded on United Sates credit reports. You will still owe the debt but there may be no record of it.