Answered

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which of the following is a common risk of using credit to make purchases
overspending
having to wait a longer for the good
underspending
losing payment records

Sagot :

Samawati

Answer:

overspending

Explanation:

Credit purchases encourage one to spend more than they can afford. The fact that the sellers do not demand cash when goods change hands entices people to buy more. In credit purchases, cash is not required, only a commitment to pay later, which leads to overspending.

Overspending increases the probability of defaulting on credit payments. When the debt to income level rises too much, the borrower may be forced to miss some installment payments and cater to basic needs.

Answer:

A. Overspending.

Explanation:

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