Using your credit visa

February 19th, 2009

A visa is generally considered a document giving admission or permission (as in to a country).  A credit visa therefore should be considered permission to borrow or use whatever can be borrowed or loaned.  The term credit visa shows that the extension of credit is allowed.

Obtaining credit is usually very easy unless you have a history of abusing it.  Each time we borrow money it is a privilege and we need to pay it back, with interest, as quickly as possible.  As long as we keep paying back in a timely manner, our credit rating is excellent.

If payments become slow or non existent due to the loss of a job or overextension in our credit, the rating of our credit will be blemished and lowered until we have dangerously low rankings and no one will lend their money based on those rating.

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Entry Filed under: Miscellaneous

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