Choice of Consumer Credits
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Hey Lily! Good to see you again but why are you upset?
Hi Becca, it's been pretty rough. I plan for a trip but I don't have enough money.
I want to borrow money from a bank but they talk about the use of consumer credit and it's making me very confused.
Aw, don't worry. I know what consumer credit is, I can help you out!
Consumer credit is a type of financing. It can refer to the use of credit cards, overdrafts, lines of credit and installment loans.
Wow, four options. But which consumer credit can help me accomplish my dream trip?
Excellent question. You should choose one which does not require you to pay a lot of interest. In this case, since a trip does not require a lot of money, I suggest you to use your credit card to pay for the fees.
I appreciate your help, thanks Becca, I owe you one.
Oh it's not a problem at all!
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