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Prepaid debit cards are plastic cards purchased by a consumer for a specific... ...more
Credit is a term related to the lending of money. Essentially, a person or company with money, products, securities or services, extends a loan of these commodities, or “credit,” to someone who wants them. In return, the borrower agrees to pay back the equivalent of not only the initial amount loaned, but that amount plus a finance charge and/or interest. The terms of the loan are agreed upon at the time of the transaction, and usually include a pre-arranged re-payment schedule and a set rate of interest.
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