Financial Planner

Answer: C - There are three types of consumer debt: 1) 30 - day or regular charge accounts; 2) revolving and optional charge accounts; 3) installment purchases or time-payment plans. The two methods of consumer debt: 1) buying on tome from the sell or 2) borrowing money from a credit institution, usually in the form of credit cards. Sources of the funds include commercial banks, finance companies, credit unions, life insurance companies, and etc.