3 years ago

If you buy something on credit, you must pay back the amount you borrowed

2 answers:

6 0

Yes this is true but you dont have to pay it back right after but it's best you pay it off before you buy something else so you dont go in debt

sladkih [1.3K]3 years ago

3 0

When you buy something on credit, you are essentially being loaned the amount and you typically must pay a minimum amount each month. It might not end up being the exact amount you initially paid due to compound interest from the debt.

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