Question
Aggiornato il
18 nov 2020
- Coreano
-
Inglese (Stati Uniti)
-
Giapponese
Domande Inglese (Stati Uniti)
Qual è la differenza tra credit e loan ?Sentiti libero di rispondere con un esempio.
Qual è la differenza tra credit e loan ?Sentiti libero di rispondere con un esempio.
Risposte
Leggi ulteriori commenti
- Inglese (Stati Uniti)
They are both ways to make a purchase before you pay, but the difference is how they are payed back.
With credit, you are usually given a card that has a maximum limit. You can continuously make charges using this card as long as it does not exceed that limit. Typically, monthly payments are made to pay back the borrowed money, but you can make additional payments as well (if you want to).
Credit is typically used for items that can be bought in a store (like food, appliances, furniture etc)
With a loan, you would take out one large amount called a “lump sum” from a bank, and like with credit, monthly payments are made to pay back the borrowed money, and you can make additional payments as well (if you want to).
Loans are typically taken out on larger items (like homes, cars, or college tuition)
- Coreano
- Inglese (Stati Uniti)
Thanks for the answer. I also want to know what is the difference between credit and loan. I also need a 500$ loan and I was searching for it online through which I can get info on how can I take 500$ loan. After a long search, I have found https://fitmymoney.com/500-dollar-loan/ site which helped me in giving me the information which I need to get a 500$ loan.
- Polacco Quasi esperto
- Inglese (Stati Uniti) Quasi esperto
Hello. Do you know that there is also such a type of loan as a loan with hard money? You can find more information on this issue on the website of the California credit organization here https://lendingbeeinc.com/blog/10-steps-for-get... . This unique offering from loan experts with over 20 years of experience will be extremely beneficial to many entrepreneurs, so keep that in mind.
- Inglese (Stati Uniti)
Such help is always good, but if you do not want to talk about your finances with a stranger, then an online loan https://vamo.vn can help. In my opinion, this is important because not everyone knows. That's why I suggest it to you.

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