Why might it be better to save up some money and buy something later than to buy it on credit now?

You may get protection for purchases that are lost, damaged, or stolen.

Buying anything on credit will damage your credit rating.

Paying for things on credit will hurt the economy, by taking money out of circulation.

Paying off credit debt can extend many years, long after the item purchased was useful.

Question

Why might it be better to save up some money and buy something later than to buy it on credit now?

 You may get protection for purchases that are lost, damaged, or stolen.

 Buying anything on credit will damage your credit rating.

 Paying for things on credit will hurt the economy, by taking money out of circulation.

 Paying off credit debt can extend many years, long after the item purchased was useful.

kenljw · Answer

D, A is true, B is false, C? but money is always added to the system with credit because interest is money that doesn't exist

gatorgirl · Answer

Thank you!