Business, 06.04.2020 22:39 kelebsessoms89

Characteristics and types of consumer loans Credit can be great to have. In some situations, having credit can even help you achieve some financial goals, but only as long as you . Consumer loans can be part of your credit management program.

Identify characteristics of a consumer loan in the following list. Check all that apply.

a. Used for a one-time transaction for a specific purpose.
b. Has no specified repayment plan except periodically due minimum payments.
c. Has a formal, negotiated contract.
d. Can be used repeatedly as long as it is not canceled.
e. Used primarily to buy low-cost goods and services on an ongoing basis.
f. Is informally arranged

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Characteristics and types of consumer loans Credit can be great to have. In some situations, having...

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