Consumer Credit

  • (noun): A line of credit extended for personal or household use.

Some articles on consumer credit, credit, consumer:

Section 51(xxxvii) Of The Australian Constitution - Examples of The Use of Section 51(xxxvii) - Consumer Credit
... In 2009, the National Consumer Credit Protection Act (Cth) transfers regulatory responsibility for credit from the states and territories to the ... This is a wide-reaching reform of the regulation of the consumer credit in Australia ... Previously, consumer credit was regulated at state level amongst each of the states but it was agreed at a COAG meeting that this area of the law should be ...
Consumer Credit Act 1974 - Provisions of The Act - Part V: Entry Into Credit or Hire Agreements - Formalities
... the amount and rate of the total charge for credit, the protection and remedies available to him and "any other matters which, in the opinion of the secretary of state, it is desirable for ... if it appears, on the application of a consumer credit business, that to enforce them would be impracticable ... question are the 1983 Regulations (UK Parliament SIs 1980-1989/1983/1551-1600/Consumer Credit (Agreements) Regulations 1983 (SI 1983/1553) 1983 No 1553 "Consumer Credit (Agreements) Regulations ...
Credit Bureau
... A credit bureau or consumer reporting agency (United States), or credit reference agency (United Kingdom) is a company that collects information from ... Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior ... Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and ...
Consumer Credit Act 1974 - Provisions of The Act - Part VIII: Security
... Kingdom to provide coherent rules relating to the taking of securities when dealing with consumer credit ... The Consumer Credit Act devoted an entire part of the Act to security, mostly between debtor and creditor, with third-party rights and regulations mostly governed by common law ... provided by the debtor as "security" to the consumer credit or hire-purchase agreement being conducted with the creditor ...
Consumer Credit Risk
... Consumer Credit Risk (AKA Retail Credit Risk) is the risk of loss due to a customer's non re-payment (default) on a consumer credit product, such as a mortgage, unsecured personal loan, credit card, overdraft etc ... two options being forms of unsecured banking credit) ...

Famous quotes containing the words credit and/or consumer:

    “Bless my soul, Sir, will you Britons not credit that an American can be a gentleman, & have read the Waverly Novels, tho every digit may have been in the tar-bucket?”
    —Herman Melville (1819–1891)

    “The poverty of our century is unlike that of any other. It is not, as poverty was before, the result of natural scarcity, but of a set of priorities imposed upon the rest of the world by the rich. Consequently, the modern poor are not pitied ... but written off as trash. The twentieth-century consumer economy has produced the first culture for which a beggar is a reminder of nothing.”
    —John Berger (b. 1926)