what is consumer credit?

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what is consumer credit?

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Question

Asked 11/1/2010 10:54:44 PM

Updated 10/28/2016 4:37:50 AM

2 Answers/Comments

This conversation has been flagged as incorrect.

Confirmed by jeifunk [10/28/2016 4:37:48 AM], Unconfirmed by jeifunk [10/28/2016 4:37:49 AM]

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Original conversation

User: what is consumer credit?

Weegy: One advantage of consumer credit is being able to buy things now but pay for them later by either paying in full when one gets a bill or by making payments on the balance or loan. [ It also means not having to carry as much cash around and not having to have as much liquid assets. ]
ramkitten|Points 2920|

User: Which of the following is a sign of credit trouble? A. Spending limits on credit accounts are increased. B. More credit cards are opened. C. Credit cards are used for big purchases. D. Credit cards are canceled due to poor payment history.

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Question

Asked 11/1/2010 10:54:44 PM

Updated 10/28/2016 4:37:50 AM

2 Answers/Comments

This conversation has been flagged as incorrect.

Confirmed by jeifunk [10/28/2016 4:37:48 AM], Unconfirmed by jeifunk [10/28/2016 4:37:49 AM]

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Consumer credit is a debt that a person incurs when purchasing a good or service.

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Added 10/28/2016 3:57:33 AM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [10/28/2016 4:33:10 AM]

8

The following is a sign of credit trouble: Credit cards are canceled due to poor payment history.

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Added 10/28/2016 3:58:58 AM

This answer has been confirmed as correct and helpful.

Confirmed by jeifunk [10/28/2016 4:37:54 AM]

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