A major benefit a debtor can derive from using a credit facility is?

Assessment: JAMB UTME - Commerce - 2007 Subject: Commerce

Question 1 Report

A major benefit a debtor can derive from using a credit facility is?
Answer Details
A major benefit a debtor can derive from using a credit facility is convenience. This means that the debtor can use the credit facility to make purchases or pay bills without having to use their own funds immediately. This allows them to manage their cash flow more effectively, and to have access to funds when needed. Additionally, using a credit facility can also help to establish a credit history, which can be beneficial for future borrowing.
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