PAYING IT BACK
You have to repay borrowed money eventually.
Money you borrow from a bank is charged interest that you have to pay.
True or False?
The later you pay back the money you owe, the lower your credit score will be.
If you owe money that you can’t pay back, you will be considered less creditworthy.
Debt collects interest, so it increases how much you owe, and it damages your credit.