Answer: False.
Explanation:
Even though it can tempt some people to spend beyond their means, consumer credit offers flexibility in spending and, sometimes, perks and rewards.
Consumer credit allows people to purchase goods and services immediately and repay the costs over time. A credit card is one form of consumer credit.
It´s particularly useful in an emergency, and even more, since America is gradually becoming a cashless nation in which people normally use credit for any purchase.
