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what is CONSUMER CREDIT
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Question
Asked 10/27/2010 2:20:13 PM
Updated 12/23/2014 7:38:30 AM
2 Answers/Comments
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[12/23/2014 7:38:30 AM]
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what is CONSUMER CREDIT
Original conversation
User:
what is CONSUMER CREDIT
Weegy:
One advantage of consumer credit is building up a sense of trust between the consumer and the creditor. This reflects well on the customer as aperson,showing they are able to successfully manage their finances. I hope this helps you. [ Thank you for contacting Weegy. ]
alasia|Points 5|
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Question
Asked 10/27/2010 2:20:13 PM
Updated 12/23/2014 7:38:30 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by
SCM
[12/23/2014 7:38:30 AM]
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5
SCM
Consumer credit refers to a debt that someone incurs for the purpose of purchasing a good or service.
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Added 12/23/2014 7:38:28 AM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk
[12/23/2014 7:40:54 AM]
Comments
workaholicmom
The general term for loans extended to individuals usually on an unsecured basis and providing for monthly repayment. Installment loans and personal loans are also referred to as consumer credit (unless the loan is used for business purposes or to purchase commercial property).
Added 10/27/2010 3:05:53 PM
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