Consumer skills : buying on credit

, Uses a conversation among three young men to introduce the concepts of finance charges, bank loans, down payments, interest, and installment payments. Defines the three C's of credit as character, capacity, and capital. Points out how credit works and some of the dangers involved in its use., The advantages and disadvantages of credit buying are explored through the personal accounts of three persons who have had varying experiences with credit. Irv recalls critical mistakes he made using his bank credit card; Gene weighs the pros and cons of having a department store charge account; Rob learns about the "three C's of credit: character, capacity and collateral.", Three young men at lunch discuss their credit experiences. The casual conversation among Irv, Gene and Rob introduces such credit terms as finance charges, bank loans, down payments, interest and installment payments and defines the three C's of credit: character, capacity and capital.NOTE: Two (or more) records have been merged together to create this data.