Consumer Credit <br />Types of Consumer Credit<br />Closed-End Credit – credit contracts that specify<br />the time period over which the loan or sales contract will be repaid, the total amount due, and the number of payments and due dates on which they fall.<br />Open-End Credit - a form of credit that does not <br />have an upper limit on the amount that can <br />be borrowed or a time limit before <br />repayment is due.<br />
Consumer Credit <br />Closed-End Credit<br /><ul><li> Home Mortgages
Consumer Credit <br />Potential For Abuse<br />
Consumer Credit <br />Credit Management<br /><ul><li> Know what you can afford</li></ul>Debt-to-income Ratio<br /><ul><li> Know what you’re getting into</li></ul>Read the terms & conditions<br /><ul><li> Know the laws</li></ul>Educate yourself on credit regulations<br />
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