sales on credit
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- How to read in Japanese: sales on credit
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Sales on credit refers to the process of checking a consumer’s credit report and paying for the purchase based on the circumstances. When you apply for a purchase using sale on credit, you then pay the amount in installments.
The consumer credit company enters into a merchant agreement with the company selling the product and makes a lump-sum payment on behalf of the consumer.
sales on credit is also called credit agreements or credit purchase brokerage agreements. This is because the system is designed to facilitate the purchase of goods and services in exchange for payment by a consumer credit company or other entity. It is often used for the sale of products and services that tend to be expensive.
Since the consumer credit company has a contract with the dealer, it is possible to request a suspension of billing if there is a problem with the purchased goods or services.