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Consumer credit
CONSUMER CREDIT

Definition: Consumer credit is money that is lent to people by organizations such as banks, building societies and shops so that they can buy things.
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* All seven elements should be in.


1. Purposeful and necessary for the parties concerned.

2. Amounts will be considered as adequate by the beneficiaries.

3. Terms and conditions guiding loans (= credits) will be reasonable.

4. Money will be spent mainly within the local market/economy.

5. Repayments occur as agreed between the lenders and borrowers.

6. The overall economy will be boosted by the arrangements.

7. Lending achieves goal(s), whatever this/these is/are.
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... be it RISING OR FALLING ...








See perfect REPOSSESSION ORDER.

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