Taking charge of your finances Credit. Taking charge of your finances Today’s goal The 5 C’s of credit. Installment vs. non-installment credit. Advantages.
TYPES AND SOURCES OF CREDIT Money Management II. What We’re Doing Today Closed-End vs. Open-End Credit Loans Different sources for different uses Credit.
Chapter 5. Credit: an arrangement to receive cash, goods, or services now and pay for them in the future Consumer Credit: the use of credit for personal.