1. Understanding Consumer Credit Anita Lambert

2. Consumer Credit Defined - Short-term loans to individuals for purchasing goods and services for personal and household use. Credit card debt, vehicle leases, and installment loans are examples of consumer credit.

3. Consumer Credit

4. Consumer Credit Types of Consumer Credit Closed-End Credit – credit contracts that specify the time period over which the loan or sales contract will be repaid, the total amount due, and the number of payments and due dates on which they fall. Open-End Credit - a form of credit that does not have an upper limit on the amount that can be borrowed or a time limit before repayment is due.

6. Automobile Loans

8. Home Equity Loans

9. Charge Accounts

11. Consumer Credit Advantages & Disadvantages Convenience Emergencies Large Purchases Builds Credit Temptation More Expensive Unrealistic Lifestyle Can Ruin Credit

12. Consumer Credit Potential For Abuse