Bank of Italy Guides. Consumer Credit made easy

Consumer credit is money lent for the purchase of goods and services important for the consumer or the consumer's family - for example, a car, an electrical appliance or a language course - or to deal with situations in which cash is required.

A 'consumer' is a person who purchases something for private rather than professional use. A loan may range from €200 to €75,000 and is granted by a bank or an authorized financial company, or also by a provider of goods and services, such as a retailer or a car dealer. [...]

Full text