Shopping for consumer credit
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"Credit means buying now and paying later. Credit also means becoming indebted to someone for something. With credit you may use a product, a service, or money and pay for it later. By so doing, you incur a debt which must be paid. Whenever you become indebted you are charged an additional amount for the use of that product, the service, or money before you pay for it. This additional charge is called the finance charge."--First paragraph.
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Archive version. For the most recent information see extension.missouri.edu.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.