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Month: June 2019

Consumer credit | Credit simulator

Consumer credit | Credit simulator

What is a consumer credit? Consumer credit is a type of loan granted by a bank or financial institution to an individual for the purpose of financing the acquisition of a good or service. By definition, consumer credit, also commonly known as consumer loans, is used to finance consumer goods. The credit conso is for individuals and can finance private expenses. Thus, companies and non-profit organizations can not benefit from this type of loan. It also means that an individual…

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