BGN Entrepreneur

Consumer instalment credit includes secured and unsecured loans to households, which are scheduled to be repaid in two or more monthly payments, for puchases of items and services and the refinancing of consumer debt.
In spite of the credit crunch and Economic fluctuations, figures show that the lending to people buying large household goods increased last year.
According to the Finance and Leasing Association, the retail store instalment credit, under which shoppers repay the cost of items such as sofas and electrical goods in instalments, actually rose by 7% during the year of 2008.

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