Types of debt covered by the act of consumer credit are enumerated here -

Discovered of bank - is a type of revolving credit. The bank will allow a customer with a currant account draw with discovered on on the account until a certain quantity. The refunding of the overdraft is made while the money is paid in account.

Sale contract - a sale contract is also known like hypothecation of movable property and is a manner of raising the money by offering an article of personal property like safety for the loan. The hypothèqués remainders of articles in the possession and use the debtor but would become to him the property of the creditor of if the debt were not refunded.

Credit cards - a credit card is a form of revolving credit and makes it possible to the consumer to buy goods or the services of a tradesman by signing an authorization slip. The tradesman then invoices the company of credit card and the consumer receives the monthly account showing all the transactions made for the period.

Agreement of credit sale - goods bought on sale with credit are had immediately by the consumer. The regular payments fell according to the regulated creditor of agreement.The is often the supplier of the goods and this type of credit is employed intensively to sell pieces of furniture and cars and by fuel suppliers for cookers, fires, etc...

Credit free from interests - it is a type of agreement of credit sale in which money is lent to buy goods without any interest being charged. It is usually offered by department stores. Some agreements will offer the credit free from interests provided all balance are paid with far during a period indicated and then will become agreements of ordinary credit sale.

Catalogues mail order trading - the catalogues mail order trading offer a way to buy goods by the post office and the diffusion of the payment during weeks by installments. Payments are sometimes gathered by an agent - often a friend or a neighbor of the consumer.

Personal personal loan - a personal personal loan is a loan offered to a fixed or variable rate on the surplus of interest per overall period.

The mortgage (fixed loan) - a mortgage makes it possible to an owner of a house to leave a loan by using the property like safety. There must be sufficient stockholders' equity in the legal expenses of catches of lender of property.The on the property giving of the rights of seizure similar to those of a company of building or box holding the first load on the property. However, if a house repossessed and is sold, the amount will be distributed to meet complaints of the lenders fixed in the order in which loans are given.