Business Tools Downloadable checklists, model business plans, forms and other documents. Our small business online advice columnist. CCH Online Store Books on small business topics. Free E-mail Newsletter Monthly updates on developments affecting small businesses. Consumer credit refers to the use of credit for personal needs by individuals and families as contrasted to credit used for business or agricultural purposes.
Consumer credit is based on trust in the consumer's ability and willingness to pay bills when due.
It works because people, by and large, are honest and responsible. There are numerous sources of consumer credit. All Rights Reserved.