Crédito

Crédito, or credit, is the trust or ability to borrow money or obtain goods and services with the promise to pay later. It is based on the borrower’s reputation and financial history, indicating their reliability to repay. Lenders evaluate credit to determine the risk of lending. Good credit allows access to loans, credit cards, and better interest rates, while poor credit can limit borrowing options. Essentially, crédito reflects a person’s or organization’s creditworthiness and influences their capacity to finance purchases or investments over time.