4 Answers
Consumer credit is basically the amount of credit used for consumers to purchase non-investment goods or services that are consumed and whose values depreciates quickly. This includes automobiles, recreational vehicles, boat and trailer loan but excludes debt taken out to purchase real estate or margin on investment accounts. For example, a mortgage for purchasing a house is not consumer credit. However, the 52" TV put on your credit card is.
13 years ago. Rating: 3 | |
Example of Consumer fraud, occasionally relates to the safety of a product or service. If a retailer has reason to believe an item maybe unsafe yet chooses to sell the item anyway with out advertising protential harm. Then this may be considered consumer fraud often relates to identity theft.
13 years ago. Rating: 2 | |
Sorry, I was thinking of Consumer Fraud, when I answered first time.
Consumer credit, can be defined as, money, goods, or services provided to a person in lieu of payment . Common form of Consumer credit, include, Credit cards, Store cards, motor finance, Personal loans, consumer linesof credit.
13 years ago. Rating: 1 | |