The arrangement is generally made for the purchase of only one item , and the account may be secured by some additional legal agreement . Installment credit has become an integral part of credit arrangements facilitating the movement of high priced durable goods from sellers to buyers (Cole and Hancock , 1961 ) A revolving credit plan allows the consumer to purchase against a line of credit , which is determined by the store , any amount he desires . If he pays within 30 days , no...











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