What is Credit?
A single SMS message has a confined character limit of 120 characters on CDMA handsets and 160 characters on GSM handsets. If your message exceeds the limit, you will get an alert on the screen. You can continue to type your message beyond the character limit (which differs on GSM & CDMA handsets as mentioned earlier), but the message will be counted as 2 or more SMSs (depending on the length of your message), and you will be charged correspondingly.
Buy now, pay later! Nothing down, 24 monthly payments! Low, low 9.9 percent APR! We are constantly urged to accept credit card offers or purchase items on credit. But what is credit? Credit allows customers to purchase something immediately and pay for it later. The money is borrowed from creditors and the customer can pay the creditor over time, rather than paying at the time of purchase. There are two basic types of consumer credit transactions: open-end and closed-end. An open-end credit account is one under which you can make repeated purchases or obtain money. You can either pay the balance in full or in installments. For example, if you purchased a new air conditioner with a credit card, that purchase is part of an open-end credit plan. You could use the same card at a later date to purchase something different and not have to enter into a new agreement with the creditor. You also would not have to make a preset number of payments to payoff the balance. Other open-end credit exam
Credit is borrowed money that you can use to purchase things you need when you need them and then repay the funds back at an agreed on time. Services can also be paid for on credit such as cable and telephone services. For example, if you use telephone or cable services for a month or two and then pay for them at the end of that period, you are receiving services on credit. Common types of credit include mortgages or home loans as well as personal loans or lines of credit. A personal line of credit allows you to have money available when you need it. This often has a low interest rate, and the borrower can choose to use the entire credit limit at once or use it in smaller increments. This can be perfect for meeting ongoing credit needs such as renovating your home. A personal line of credit for an approved amount means that you do not have to keep going back to the back for approval for each small amount you want to borrow on credit. Credit cards allow a constant line of credit to spen
