Explain one way that using credit could hurt sanya’s progress.

Question: Explain one way that using credit could hurt sanya’s progress.

Using credit can lead to high-interest debt if Sanya isn't careful. If she borrows more than she can repay or misses payments, the interest can accumulate rapidly, creating a debt spiral. This can damage her credit score and make it harder to secure loans in the future, ultimately hindering her financial goals. Keeping a close eye on spending and making timely payments is key to avoiding this pitfall. Balancing benefits and risks is crucial when using credit.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.