A lot of sense to explain what it is credit. The word credit derives from the latin "credere" which means trust. Certainly believe what is meant is that the lender (lender's)trust credit the receiving party (debtor). Understanding credit is often equated with the loan, meaning that when someone gets credit means it gets the loan. Then, these loans will be paid or refund is done by way of credits.
In the banking world, understanding credit according to Act No. 10 of 1998 concerning banking; that credit is the provision of money or bills that can be equated with it, based on the approval of a loan agreement between the bank borrowing by other parties which require that the borrower to pay off a loan after a certain period of time with the giving of flowers.
Why Need A Credit & Loan ?
A lot of sense to explain what it is credit. The word credit derives from the latin "credere" which means trust. Certainly believe what is meant is that the lender (lender's)trust credit the receiving party (debtor). Understanding credit is often equated with the loan, meaning that when someone gets credit means it gets the loan. Then, these loans will be paid or refund is done by way of credits.
In the banking world, understanding credit according to Act No. 10 of 1998 concerning banking; that credit is the provision of money or bills that can be equated with it, based on the approval of a loan agreement between the bank borrowing by other parties which require that the borrower to pay off a loan after a certain period of time with the giving of flowers.
The credit has a very important role to help you. Credit is also expected to promote economic activity and improve your life. A credit or loan and other credits of various types can make it easier for you to manage finances, and can be used in times of emergency.
But you need to remember that having credit requires great responsibility. Managing credit wisely can interrupt the flow of your funds and may cause other problems.When the bank gives credit to the customer, the bank expects his money back. Therefore, the bank always consider some things related to good faith and ability to pay its customers to pay back the loan with interest in accordance with the time frame agreed upon both parties.
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