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What are two ways a consumer may purchase an item on credit other than by hire purchase method?​
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What are two ways a consumer may purchase an item on credit other than by hire purchase method?​

User Joelgullander
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19 votes
19 votes

Answer:

A person using a credit card. He uses the credit card to pay for goods and services, then he repays the credit card company at a future date.

One type of installment closed-end credit is a car loan. The car company offers the consumer credit to buy the car. The credit does not extend beyond the sales price of the car. In addition, the person pays the credit in installments over a period of time instead of paying it back in one lump sum.

Step-by-step explanation:

User Dingalla
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