Answer:
The main disadvantage of using revolving consumer credit is the cost to consumers who fail to pay off their entire balances every month and continue to accrue additional interest charges from month to month
Explanation:
Consumer credit's main drawback is that it can be expensive, including possible fees and interest charges.
What is consumer credit?
A consumer credit system enables borrowers to borrow money or take on debt and postpone repayment of that obligation over time. Most frequently linked to loans and credit cards.
Consumer credit has drawbacks like unmanageable debt and finance fees. The cost of consumer credit is what consumers spend when they don't pay off their entire bill each month and continue to incur more interest fees every month.
Hence, the significance of the consumer credit is aforementioned.
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