Question and answer
what is CONSUMER CREDIT
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]
f
Get an answer
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|

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]
New answers
Rating
5
Consumer credit refers to a debt that someone incurs for the purpose of purchasing a good or service.



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
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
Add an answer or comment
Log in or sign up first.
36,677,572
questions answered
';
Popular Conversations
Which of the following pieces of information would be allowed as part ...
Weegy: BIRTH DATE would be allowed as part of a limited data set. User: 1. What is an operating system? a) ...
9/26/2022 11:59:31 AM| 52 Answers
Fill in the blank. Running records and anecdotal records are a form ...
Weegy: Running records and anecdotal records are a form of Narrative records.
9/27/2022 1:03:24 PM| 14 Answers
_______ contain close to 70% of all the fresh water on Earth. _______ ...
Weegy: Ice caps contain close to 70% of all the fresh water on Earth. Wind erosion is common on flat, bare areas with ...
9/23/2022 2:41:21 AM| 14 Answers
Questions 1 10: Fill in the blank space with an antonym of the ...
Weegy: He couldn?t bear the cold of Alaska after living in the heat of Texas.
9/27/2022 2:31:40 PM| 10 Answers
Match these items. 1. prohibited settlers from moving west Committees ...
Weegy: 1. Proclamation Act of 1763 - prohibited settlers from moving west. 3. [ Virginia Resolves - result of the ...
9/28/2022 2:16:03 PM| 6 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
Points 29 [Total 35] Ratings 0 Comments 29 Invitations 0 Online
S
Points 26 [Total 26] Ratings 0 Comments 26 Invitations 0 Offline
S
L
P
L
Points 24 [Total 5636] Ratings 0 Comments 24 Invitations 0 Online
S
L
Points 22 [Total 1023] Ratings 1 Comments 12 Invitations 0 Online
S
L
Points 19 [Total 327] Ratings 0 Comments 19 Invitations 0 Offline
S
L
Points 15 [Total 539] Ratings 0 Comments 15 Invitations 0 Offline
S
L
Points 10 [Total 164] Ratings 0 Comments 10 Invitations 0 Offline
S
L
Points 10 [Total 245] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 9 [Total 60] Ratings 0 Comments 9 Invitations 0 Offline
S
L
Points 9 [Total 1143] Ratings 0 Comments 9 Invitations 0 Online
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.