Latest articles from Financial Help with credit counseling,Low Interest Rate Credit Card,and Credit Card Apply (http://www.financial-helps.com) http://www.financial-helps.com 2009-01-08T03:38:24+01:00 text/html 2008-04-06T16:55:57+01:00 http://www.financial-helps.com http://www.financial-helps.com/credit-and-its-cost-a367.html Credit is money granted by a lender (or creditor) to a debtor (or borrower) whereby the lender defers receiving payment of the debt for a period. In exchange for the credit allowed, the lender will get back the money lent plus interest. The borrower has use of the money immediately, rather than waiting until the money required is saved up.