Pay attention! Borrowing money, costs money

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Consumptive credit

If you borrow money to buy something that only lasts a limited number of years (a car or a refrigerator, for example), then it is referred to as consumer credit. The personal loan, the revolving credit and also the current account are forms of consumer credit. The counterpart is the mortgage loan, where you borrow money to buy a house or other real estate.

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