 TITLE: What Is Consumer Credit? CONTENT: Disadvantages of Consumer Credit\n--------------------------------\nWhile consumer credit provides advantages, it also provides disadvantages. Some of those are:\n*   Consumer credit can come at a cost, including interest charges and potential fees.\n*   Access to consumer credit might enable you to spend beyond your means.\n*   Missed payments and high debt levels could damage your credit and impact your ability to obtain credit in the future.\n*   Piling up a lot of consumer debt could result in your debt being turned over to a debt collector, who might constantly nag you about paying the debt.\n*   Some predatory lenders might trap you into borrowing money at sky-high interest rates. END