Respond the discussion question here regarding the credit presentation.
It can be said that credit is your best friend and your worst enemy. What do they mean?
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9 comments:
Well Mr Pattie, i gotta give it to you because that is true, they can be your best friend or your worst enemy, depends on how you treat credit and the way you handle it, If Credit lends you money and you pay it back by the time that credit gives you then they will always give you what you need with more time to pay it and a larger amount if you pay it back full and by the time that they gave you. Your worst enemy will develop by you not paying credit back his money at the time that he needs it, or you get very stressed and just start buying a lot of stuff that you don't have the money for and when the time comes for you to pay it back, your not going to have any money to give to credit so then it stops being your friend and shows you his VERY ugly side.
Mariel Walling,
To me when you say credit is your best friend it because when you need the money its there.But the worst enemy when maybe you spent to much and now you can't pay it all back. And when you have bad credit it's hard to do alot of things so that's why it would be a worst enemy.
They mean that credit can be a bad thing and at the same time it can be a good thing if your credit is good then you can save alot of money and get thing without having a hard time but it doesnt take much to mess up your good credit all it takes it one late payment and the good part about credit just goes down the drain.
That is true about credit. It can be your bestfriend only if you know how to handle it. You always have to make sure how much you have. It can also be your worst enemy because you have to know how to treat it. Its like a person if you treat them bad its going to cause you problems and if your good to them its going to be the best thing you have done. So yes it is true that credit can be your bestfriend but also your enemy.
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I think they mean that credit is your friend when your buying things and paying later for them. But it also can be your enemy because if you miss a payment that may mess up your credit or your payments and intrests get too high that's when credit can be your enemy.
Angel
I think it is stating that credit can help you when you are buying a house, car, or even getting a loan. But that is if you have good credit. However if you have bad credit then it can't help you. Because then it can be difficult for you to get a loan or puchase something.
-Alexandra Young
Credit is a two way street and you point out very well how it can either hurt or help you
-Adam Krueger
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts
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