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THE DOWN SIDE OF DEBIT AND CREDIT

credit vs. debit

The can snap in half

get stolen/or lost and they are

very small. Now if it is lost you report it immediately.

what is credit

loan

Each purchase is a

repaid later chared if they don't pay each month but people can purchase items now and pay for them later.

what is overdraft

overdraft is when you ho extra money to the bank.

what is a loan

A loan is when the bank gives you money but you have to pay it back. Now if you don't handle your money well the bank will not give you money to buy something like a house or a new car

what is debit

money is taken from the savings or a check account but fees may be overdraft. The good side of a debit card is you can buy the item you want by swiping your card and it goes to your bank account

credit vs. debit

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