Consumer credit is a form of credit where a subject take the form of creditor conduct a loan to another person named debtor, which may be short, medium or long term, offers a full and free destination of money, more borrowed capital is used in consumer credit for purchase of vehicles, appliances and other items of continuous use or payment of any service or benefit, such as for a trip, pay for college, in order as mentioned above consumer credit to be freely available for use, may be destined for any desire. Consumer credit in most cases be paid by installments, at present we have tried to make all these are always the same amount, but in most cases will increase in value when it is coming to The latest installments. Consumer credit charges for handling the fees because in most cases the loans that are made through them are high-level credits also will provide extensive periods of payment which can be up to 60 months and to go up a little bit of debt to avoid further mishaps, we start to make the payment of installments and thus facilitate the payment of debt. Consumer credit is provided mainly through banks, which extend credit to consumer made a series of studies to determine the creditworthiness of the borrower to establish whether or not it is appropriate to make the loan and whether it solvency will or not for payment of the obligation owed to the entity, the same way to establish the fee more comfortable for the payment of consumer credit, so banks tend to take the study as factors of continued employment, credit history, economic status, simulation of future economic status, age, to fitness, however these are general factors for banks, which may vary depending on the bank where the loan request, so much so that one person can apply 2 different banks in consumer credit and one does not grant the loan and other bank if you provide the financial assistance of consumer credit . Therefore the possibility of obtaining a loan may vary from one bank to another, as conditions and costs that can lead to the granting of consumer credit, may be the case that some banks charge a certain sum for the mere fact of making the study of consumer credit, however in most financial institutions do not make any charge for a study of consumer credit, other possible cost is that of the insurance policies as has been said, in some banks is required, in others it is voluntary, but in this situation is better always choose to take a policy that protects any eventuality such as unemployment or some other misfortune.
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