The Wise Use Of Credit

Explains the five aspects of consumer credit: how credit is established, types of consumer credit, credit cost factors, amount of credit a family can afford, and the individual's attitude towards credit. Facts about credit are explained to two teenagers, Judy and John, by a man referred to as "Mr. Money." Points out that credit is earned on the basis of the individual's trustworthiness or character, the ability to pay or capacity to earn, and on the nature of the collateral or capital furnished. Differentiates between cash credit and installment sales and tells how the consumer is charged for credit services. Shows a procedure for estimating the amount of credit a family can afford and the different attitudes that families have toward credit., Explains the five aspects of consumer credit: how credit is established, types of consumer credit, credit cost factors, amount of credit a family can afford, and the individual's attitude towards credit. Facts about credit are explained to two teenagers, Judy and John, by a man referred to as "Mr. Money." Points out that credit is earned on the basis of the individual's trustworthiness or character, the ability to pay or capacity to earn, and on the nature of the collateral or capital furnished. Differentiates between cash credit and installment sales and tells how the consumer is charged for credit services. Shows a procedure for estimating the amount of credit a family can afford and the different attitudes that families have toward credit.