answersLogoWhite

0


Best Answer

some disadvantages are......

  1. Debt---u cant pay back what u took!
  2. Finance Charges---they make u pay extra $
  3. Overspending- U buy too much and $ gone
  4. Stress---U don't know how to pay back the $
User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some disadvantages of consumer credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the advantages and disadvantages of Custom Written?

Two advantages of custom written software are that the software is specific for the needs of the consumer, and the consumer owns the software after it is written for them. Two disadvantages are that this software often needs debugged, which can take hours, and the consumer does not get the credit for writing the software.


What are thetwo disadvantages of this concept in determining consumer behaviorand how are these disadvantages overcome?

What are some disadvantages or advantages in chemical energy?


What are disadvantages of national credit act to a consumer?

The National Credit Act is in place to protect consumers by promoting a fair and accessible marketplace for consumer products and getting rid of unfair trade practices to protect consumers. There are no real disadvantages to consumers with the act as it covers transactions including loans, goods, and services.


Which organisations offer consumer credit counselling services?

Some organizations that offer consumer credit counseling services include the Association of Independent Consumer Credit Counseling Agency and Consumer Credit Corporation. Another company in the same industry you may bee interested in is the National Foundation for Credit Counseling.


What are the disadvantages of a consumer culture?

Consumer culture is a type of capitalism that the economy focuses on selling consumer goods and the spending of consumer money. Some disadvantages to of consumer culture is that it can be associated to greed, can create a vicious cycle where an individual will repeatedly buy things to be happy and must continue to buy things to maintain the happiness.


What are some Consumer Credit Advantages for Consumers?

There are many consumer credit advantages for consumers. Some of the pros include convenience, allows for large purchases and comes in handy in case of emergencies among others.


Where can someone get consumer credit counselling?

Money Management, CareOne Credit, and Consumer Credit are just a few of the many online resources that can assist when you need consumer credit counseling.


Advantages and disadvantages of consumer behavior?

benefits of consumer behaviour


What are the provisions of the Consumer Credit Protection Act of 1968?

The Consumer Credit Protection Act of 1968 assures that every consumer with a need for credit is given meaningful information with respect to the cost of that credit.


What are the disadvantages of consumers protection?

disadvantages of consumer protection act 1968


Do the advantages of credit outweight the disadvantages of credit?

With the rampant credit card theft, its disadvantages are becoming more than its advantages.


Where are some of the places that one could seek consumer credit counciling?

The United States Trustee program keeps a list of accredited consumer credit counseling agencies on their websites. Also, the Federal Trade Commission website details information on finding consumer credit counseling agencies nearby.