Thursday, October 18, 2012
Due 10/2
Although debit cards and credit cars have a similar concept and work almost the same way, there are big deferences in the ways they are handled and paid off. For one credit cards are mainly for defered payment where you are able to pay in full at a later time or that you can even make a payment plan. In most situations i would choose to use a debit just for the simple fact the I am spending money that I am certain I have. But some situations like maybe grocery shoppping,(not any huge costs) where I might pay with credit just to build a good credit score. The time to borrow money from somewherre or take out a loan would be if I was attending school and needed a bill paid off as soon as possible and I didn't have the money at the time.
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