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Consumer credit enables people to enjoy goods and services now and pay in future. Based on Evan's situation, he has been using consumer credit services

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Consumer credit enables people to enjoy goods and services now and pay in future. Based on Evan's situation, he has been using consumer credit services such as car loan and credit card. However, Evan should be alerted with the drawbacks of these consumer credit services. Describe FOUR (4) drawbacks of using consumer credit that Evan should realize. (8 marks)

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