When misused , credit can result in

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When credit is misused, it can result in default, bankruptcy, loss of creditworthiness, and a less satisfying life. Default occurs when a borrower fails to repay the loan as per the terms and conditions of the credit agreement. Bankruptcy is a legal declaration that a person is unable to repay debts. Misusing credit can lead to a decrease in creditworthiness, making it harder to obtain credit in the future. Additionally, if credit is used to live beyond one's means, it can result in a less satisfying life overall. Therefore, all of the above options can result from misusing credit.

When Misused , Credit Can Result in