Credit financing is a method of obtaining funds to purchase goods or services by borrowing money. This can be done through various means, such as loans, credit cards, or lines of credit. Borrowers agree to repay the borrowed amount, often with interest, over a specified period. This type of financing allows individuals and businesses to make purchases they may not afford upfront. It can help manage cash flow and enable investments in opportunities that can lead to growth. However, responsible use is essential to avoid excessive debt and financial strain.