Question

How could consumer credit be a good thing?

Answer 1

Consumer credit provides access to more spending power, which enables you to do things like take out a home loan or make purchases with a credit card. Responsible use of consumer credit can open doors to new opportunities, but borrowing also has the potential to result in unmanageable levels of debt.

Answer 2

Consumer credit provides access to more spending power, which enables you to do things like take out a home loan or make purchases with a credit card. Responsible use of consumer credit can open doors to new opportunities, but borrowing also has the potential to result in unmanageable levels of debt.