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Credit facilities advantages and disadvantages
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[QUOTE="PICKFORD, post: 207975, member: 37913"] Credit card a plastic card used in purchasing goods and services from specified sellers up to a specified amount, and payment for such good are later paid for. one of the Major feature of credit card has that it eliminate the danger involved in carrying large sum of money in cash from one place to anotherwith credit card debt of robbery whether personal or bank will be drastically reduced their use of credit card in modern days now willing to cashless economy and is one of the modern trends in retail business. Credit card has been part of the Nigerian economy for a long time I'm from the year 2015 it became rampant than ever. credit card has benefits as well dis-benefits some benefits of using credit card including: 1. it eases handling: that is to say credit card or the customer to purchase goods on credit which they could not afford to buy with cash. 2. like previously said it would use and robbery the rate of armed robbery and crime such as Robin individuals or bank recently reduced as customers buy goods with the use of credit cards. now the disadvantages of using credit card include: 1. no room for bargaining since the price of goods affect customers may not be able to bargain for such goods. 2. increase in price of goods goods and services sold with credit card are usually associated with high price which is disturbing to the consumer. [/QUOTE]
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