1) Risk of loss or theft. 2) Avoids the risks of loss and theft. 3) May overspend. 4) Money is taken directly from the bank account. 5) Items may be bought and paid for later or over a longer period of time. 6) We do not own the item until the final payment is made. 7) Loyalty points may be offered. 8) There may be a maximum amount of money you can spend. This is known as a credit limit. 9) We will pay more for the purchase in return for the convenience of paying it off over a period of time. 10) Need a bank account. 11) Interest rates can be high if the balance is not paid within a set limit of time. 12) Declining method of payment. 13) This is a fee charged for borrowing money or delaying payment of a debt. 14) What does APR stand for ?

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