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Three advantages:
1.) When on vacation, it helps reduce carrying cash.
2.) Being able to pay unexpected expenses that can't wait, (immediately.)
3.) Good credit provides proof to others of your finacial responsibility, and can make it easier to obtain credit in the future.
Three disadvantages/drawbacks:
1.) Finance charge; The cost of credit.
2.) High interest.
3.) Credit card fraud.
What else can I help you with?
What are the top three disadvantages of using credit cards?
The top three disadvantages of using credit cards are high interest rates, potential debt accumulation, and fees for late payments or exceeding credit limits.
What are 3 advantages of using credit?
Three advantages of using credit would be 1 being able to get a morgage, 2 rent a car and three ability to cover emergency expenses
What are some advantages and disadvantages of using credit?
Advantages of using credit include the ability to make purchases without immediate payment, building a credit history, and having access to funds in emergencies. Disadvantages include the risk of accumulating debt, paying high interest rates, and potential negative impact on credit score if payments are not made on time.
Advantages and disadvantages of using Pay Pal?
Advantages 1. Your credit card number is not made available to the vendor. 2. No need to visit a bank or use postal service.
What are the advantages and disadvantages of using credit?
Using credit can provide the advantage of allowing you to make purchases even if you don't have the cash upfront. It can also help build your credit score if used responsibly. However, the disadvantages include the potential for accumulating debt if not managed properly, paying interest on balances, and the risk of damaging your credit score if payments are missed.
What are the top three disadvantages of using credit cards?
The top three disadvantages of using credit cards are high interest rates, potential debt accumulation, and fees for late payments or exceeding credit limits.
What are advantages and disadvantages of using a heligimbal?
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What are 3 advantages of using credit?
Three advantages of using credit would be 1 being able to get a morgage, 2 rent a car and three ability to cover emergency expenses
What are some advantages and disadvantages of using credit?
Advantages of using credit include the ability to make purchases without immediate payment, building a credit history, and having access to funds in emergencies. Disadvantages include the risk of accumulating debt, paying high interest rates, and potential negative impact on credit score if payments are not made on time.
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What is the advantages and disadvantages of usinf sales figures?
There are great advantages and disadvantages to using sales figures. Advantages to using sales figures is to help with projections of sale for future years. The disadvantages of using sales figures is the market is volatile.
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