answersLogoWhite

0


Best Answer

Consumer credit can be considered to be a complicated work of art. When a credit purchase is made it affects the credit score. Having good credit is essential to making huge purchase such as a house or a car.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does consumer credit work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can someone get consumer credit counselling?

Money Management, CareOne Credit, and Consumer Credit are just a few of the many online resources that can assist when you need consumer credit counseling.


What are the provisions of the Consumer Credit Protection Act of 1968?

The Consumer Credit Protection Act of 1968 assures that every consumer with a need for credit is given meaningful information with respect to the cost of that credit.


Can credit card companies call me at work?

No. Consumer laws prevent them, but those may have been weakened lately along with other consumer regulations. If one does tell them you are at work and hang up.


Which law did the Consumer Credit Act 1974 of the Parliament of the United Kingdom reform?

The Consumer Credit Act 1974 of the Parliament of the United Kingdom reformed consumer credit laws to protect the consumer. It states that creditors must be licensed and credit agreements be fair and just.


Which organisations offer consumer credit counselling services?

Some organizations that offer consumer credit counseling services include the Association of Independent Consumer Credit Counseling Agency and Consumer Credit Corporation. Another company in the same industry you may bee interested in is the National Foundation for Credit Counseling.


What is the budget of Oklahoma Department of Consumer Credit?

The budget of Oklahoma Department of Consumer Credit is 1,900,000 dollars.


What companies offer refinancing for consumers with poor credit?

Deloitte will help a consumer with a poor credit rating. The company will help the consumer with poor credit get a new start. Easy Financial will loan from $500 to $5,000 to a consumer with bad credit.


What does the Bureau of Consumer Credit Protection do?

The primary responsibility of the bureau is to implement the Maine Consumer Credit Code. The code requires the bureau to promote the development of equitable consumer credit practices; to promote competition among credit grantors, to assure that the regulation of consumer credit transactions in Maine conforms of the policies of the federal Truth in Lending Act.


Where do companies get their consumer credit information?

Credit bureaus, also called credit reporting agencies (CRAs), are companies that collect and maintain consumer credit information. The three major CRAs in the U.S. are Equifax, Experian, and TransUnion, and they are all publicly traded, for-profit companiedebtredemption.


The Three categories of consumer credit are service credit cash credit and what else?

sales credit


What are the main points of the Consumer Credit Protection Act?

The consumer Credit Protection Act is designed to protect the customer. The main points are Consumer Rights and Warranties, Unfair Practices, Rights and Obligations and Credit Agreements.


Where can one find a consumer guide to credit cards?

A consumer guide for credit cards can be found online on various websites that give consumer reviews of credit card companies, such as yelp and Better Business Bureau.