Question: What is the difference between credit and debt? Debt is used over a short period of time to finance recurring items like living expenses, while

What is the difference between credit and debt?

Debt is used over a short period of time to finance recurring items like living expenses, while credit is used over a longer period of time to finance the purchase of assets

Credit is used over a short period of time to finance recurring items like living expenses, while debt is used over a longer period of time to finance the purchase of assets

Gredit is used over a long period of time to finance recurring items and when it gets to a high level it is referred to as debt

Credit only comes in the form of a credit card while debt can be any type of borrowing

What is the difference between credit and debt? Debt is used

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