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valina [46]
3 years ago
9

What down sides can consumer credit have?

History
1 answer:
Lesechka [4]3 years ago
3 0

Pros : It would allow people to buy now what they might not have money for immediately. If the borrowing is used to invest in generating income or building marketable skills (education) it could more than pay back what is owed.

Cons: The money must be paid back with interest. Borrowing may encourage people to buy more than they really can afford.

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How Muhammad became both a spiritual and a political leader of Arabia?
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Brahms was known for his interpretations of classical forms and styles updated with romantic harmonies,making him a true success
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Where was International Court of Justice established​
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It's faster and easier

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