Consumer credit - credit that is available only in national currency units to individuals for purchase of consumer durables use and service and which is returned in installments, unless otherwise stipulated in the loan agreement. In all countries, consumer credit is the system of monetary relations, associated with the temporary redistribution of surplus funds of legal entities and individuals. Consumer credit - a loan that gives: - To get those things that you want without using credit it would be a long wait, or that would have been unavailable to receive; - Flexibility: to purchase goods at a convenient time, even when the consumer does not have at its disposal the necessary amount of cash; - Safety: when a person buys or traveling, credit cards are more convenient and reliable means of payment than cash;