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Can you explain the credit thing? Surely a credit provider is just lending you money? Money is fungible. If I have £100 already, and someone lends me an extr
by jstanley 3y ago
Can you explain the credit thing?
Surely a credit provider is just lending you money?
Money is fungible.
If I have £100 already, and someone lends me an extra £100, and then I buy two things that both cost £100, and one of them is faulty, how do we determine whether the credit provider is responsible?
- joncrocks 3y agoThere are some extra protections on credit card purchases that you don't get from buying things with cash/debit cards https://www.moneysupermarket.com/credit-cards/guide-to-credit-card-protection/ https://www.moneysupermarket.com/credit-cards/guide-to-credi...
- graemep 3y agoIt kicks in when the credit provider provides credit for that particular purchase. Common examples are credit card payments and car finance.