Question

Consumer credit has very few advantages and is best avoided at all times.

true
or
false

Answer 1

yes, because consumer credits' interest rates are usually very high and they are short termed. 

Answer 2

Answer: False.

Step-by-step explanation:

Even though it can tempt some people to spend beyond their means, consumer credit offers flexibility in spending and, sometimes, perks and rewards.

Consumer credit allows people to purchase goods and services immediately and repay the costs over time. A credit card is one form of consumer credit.

It´s particularly useful in an emergency, and even more, since America is gradually becoming a cashless nation in which people normally use credit for any purchase.