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Introduction
Have you ever stopped to think about what a house, a car, and a college education have in common? The answer is that most people obtain these three assets the same way: by using credit. From coffee shop cash registers to corporate boardrooms, credit is used nearly everywhere in this day and age.
Often regarded with a mixture of fear and suspicion by those unfamiliar with it, credit plays an increasingly vital role in our lives and in the world around us. What is credit? Why should we use it? What are the costs of using it?
By delving into the fundamentals of credit, we will uncover answers to these questions.
