Why do people use credit?
Consumers buy products and ser- vices every day. Some of those
Learning Objective What Types of Credit Can Consumers Get?
Key Terms What Types of Credit Can Consumers Get?
Credit
You will also be asked questions such as:
1. Credit Cards
however many credit cards now have associated benefits, such as:
Consumer Loans
Personal Loan Payment Plan
Service Credit
Why do cell phone contracts use service credit?
The purpose of credit is to allow buyers to purchase items and pay for them immediately.
Which of the following is NOT a benefit of credit cards?
Which of the following is NOT an appropriate use for a loan?
Service credit allows consumers to pay for a service and receive it later.
