A credit account is a financial arrangement that allows individuals or businesses to borrow money or access goods and services with the promise to pay later. This type of account is commonly associated with credit cards, where users can make purchases up to a certain limit and repay the borrowed amount over time, often with interest. Credit accounts can also include loans, such as personal loans or mortgages, which provide funds for specific purposes. Maintaining a good credit account history is important, as it affects an individual's credit score, influencing future borrowing opportunities and interest rates.