What are the primary differences between commercial and consumer credit?

0 ⤊

What are the primary differences between commercial and consumer credit?

And what is the result of these differences?

2007-04-21 14:07:01 · 2 answers · asked by stockmarketwiz21 2 in Business & Finance ➔ Credit

2 answers

Credit issued to COMPANIES is 'commercial credit'. Credit issued to individuals is 'consumer credit'.

2007-04-21 14:21:17 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋

Credit issued to COMPANIES is 'commercial credit'. Credit issued to individuals is 'consumer credit'..let me break it down for you.......Commercial ......business.business loan,...Consumer....personal loans,boat loan and home equity loan are consider consumer loan...if its not clear enough let me know i can explain in detail.

2007-04-21 14:39:28 · answer #2 · answered by preiti k 2 · 0⤊ 2⤋