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The percentage of consumer purchases that
are completed through the use of cash transactions is steadily declining. For
years the trend in spending has been linked to the use of loans and credit.
Without utilizing these purchase methods, it would be all but impossible for
individuals to obtain high-ticket items such as houses or cars. Additionally,
these methods are a convenient way for individuals to purchase smaller scale
items ranging from gasoline to household appliances. However, the use of credit
and loans are often limited by a person’s credit rating. |
