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What Is Credit? Understanding Credit crednxt Credit is the ability of the consumer to acquire goods or services prior to payment with the faith that the payment will be made in the future In most cases, crednxt credit credit, transaction between two parties in which one supplies money, goods, services, or securities in return for a promised

crednxt The main difference between credit and debt is that credit gives you the ability to make a purchase now and pay for it later, while debt is the amount of money