Credit, as you already know, is an arrangement to receive cash, goods or services now and pay for them in the future. Consumer credit refers to the use of credit .What is credit? There are three main types of consumer credit. Noninstallment credit, Installment Closed-End Credit, is the simplest form of credit and is usually .Consumer credit is a way for people who spend money on products to get an advance on the money required to pay for the object. The most common example .1.3. The impact of consumer debt on the national economy isysed and discussed. 2. Identify and discuss the range of credit options available. 2.1. Types of .