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Credit Tower Multiplex Credit wouldnt exist without trust. Think about it: Would you lend money to someone if you didnt trust her or him to pay you back? Probably not, right? Credit works pretty much the same way. While youre deciding which of the 30 movies playing here you want to see, lets think more about this credit idea. Suppose May and Noah decide to go see A Beautiful Rind. Now, lets say Noah has left his wallet in the hotel and doesnt have the $7 to buy a ticket, so May lends him the money. When Noah pays for the movie ticket with the money hes borrowed from May, hes paying with credit. And May trusts him when he promises to give her $7 when they get back to the hotel. Its pretty easy to see how credit works on a small scale. Its not that different when you borrow money from banks and credit card companies to make bigger purchases, like a DVD player or tickets to Investor Isles. Theyll lend you the money too as long as they trust you to pay them back sometime in the future. |
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