"Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay"

This quote by Charles Dickens is a commentary on the nature of credit and how it works. Credit is a system of borrowing cash or items in which one party, the borrower, is unable to pay for the goods or services they are getting, and the other celebration, the lending institution, is willing to supply the items or services in exchange for a promise of future payment. In this system, the loan provider is relying on the debtor's promise to pay, and the debtor is relying on the loan provider's determination to supply the products or services. This quote highlights the precarious nature of credit, as both celebrations are unable to pay, and yet they are counting on each other to satisfy their commitments. This quote also functions as a pointer of the significance of being responsible with credit, as it can be a powerful tool, however it can also be a dangerous one if not used responsibly.