1: Capacity to pay, character, and collateral are the 3 factors creditors look at when determining a persons credit rating

2: For every expensive items, people often get an installment loan or a cash loan.

3: The difference between the cost of an item in cash and what it costs on credit is known as the cost of credit.

4: Being able to calculate how much finance charges add to the cost of a purchase helps people decide whether or not they should use credit.

5: The principal, the interest rate, and the length of the loan are the 3 factors that determine the cost of credit.

6: A security agreement explains the terms on which credit is extended and explains how interest charges will be computed. Signing the agreement means you agree to follow the rules describe in the document.

7: Responsible consumers use credit wisely by paying on time, keeping accurate records, and avoiding credit problems.

8: For people who have communications skills and enjoy working with the public, there are many opportunities available in wholesale and retail trade.