One can be overusing credit even though he can afford to make minimum monthly payments on time.

Name: One can be overusing credit even though he can afford to make minimum monthly payments on time.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Even though someone can afford to make minimum monthly payments on time, consistently relying on credit and carrying high balances can lead to financial strain and negatively impact credit scores. Overusing credit can also lead to interest charges and fees that can increase the total amount owed.

One Can Be Overusing Credit Even Though He Can Afford