1. One advantage is a purchaser’s ability to buy more items than might be possible with cash. Another advantage is that the purchases can be paid for over a long period of time, which enables the purchaser to have more cash to spend for other things. A third advantage is that most items purchased using credit cards can be returned if the merchandise is defective or is stolen within a certain period of time after the purchase is made.
2. One disadvantage is that it costs more to buy an item on credit than it does to buy it with cash. A second disadvantage is that the availability of credit is so tempting that some people purchase more items than they can afford.
3. One way in which the law has helped consumers make wiser buying decisions is by requiring that the consumer be informed of the amount that the item being purchased is actually going to cost, taking into account the cost of the use of credit. This may protect a potential consumer from getting too heavily into debt. The law has also helped by enabling a consumer to compare the cost of credit from various financial sources, resulting in more intelligent financing decisions.
2. One disadvantage is that it costs more to buy an item on credit than it does to buy it with cash. A second disadvantage is that the availability of credit is so tempting that some people purchase more items than they can afford.
3. One way in which the law has helped consumers make wiser buying decisions is by requiring that the consumer be informed of the amount that the item being purchased is actually going to cost, taking into account the cost of the use of credit. This may protect a potential consumer from getting too heavily into debt. The law has also helped by enabling a consumer to compare the cost of credit from various financial sources, resulting in more intelligent financing decisions.
Consumer protection act
![Consumer protection act]()
Reviewed by Hosne
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