Buying on Credit: Consider This First You might be looking to buy a new laptop or a costly accessory that you always wished. The shop have offered you to buy on credit, which makes you tempted to follow through with their proposition. However, before you're do that you should probably know what buying on credit means, as well as the drawbacks and potential advantages of it. Only then can you make an informed decision on the matter, which will benefit you the most in the long run. Image by Steve Buissinne from Pixabay What Does Buying On Credit Mean?  The expression 'buying on credit' means that you're purchasing something through financing, i.e. through a loan or using a credit card (which is where the expression originates from). By financing a purchase, the person 'buying on credit' is obliged to pay for the product or service over a set period of time, usually with an added fee or percentage of interest. This is just convoluted way of saying that it's a l...