gymzach9374 gymzach9374
  • 18-08-2020
  • Business
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WalMart grants credit to consumers who purchase for personal or family use. This type of credit is called:

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sandlee09
sandlee09 sandlee09
  • 19-08-2020

Answer:

consumer credit

Explanation:

The type of credit being mentioned is known as consumer credit. This is a personal debt taken on by the future consumer in order to be able to purchase goods and/or services. This includes any type of personal loan used for this reason such as a credit card, mortgage loan, or even a store grant like the one that WalMart is providing in this scenario. Such store loans are usually given to individuals which will buy the goods and services from the store that provided the loan.

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