Which of the following is a disadvantage of using credit?
A) Ease of returning merchandise
B) Shopping convenience
C) Slowing of progress toward financial goals
D) Capacity to access credit in the future

Question

Quizplus · Accepted Answer

Using credit can lead to spending beyond one's means, accruing interest, and fees, which can slow progress toward saving and other financial goals.

Which of the Following Is a Disadvantage of Using Credit