Credit Provider vs

A credit provider is the party who supplies goods or services, or who pays money in terms of a loan or credit agreement.

A consumer is the party to whom goods or services are sold, or to whom money is loaned.

The credit provider is often referred to as 'the creditor'.

<p>An example of a credit provider is a person who supplies goods or services under a discount transaction, or advances money for credit.</p> Signup and view all the answers

<p>The consumer is often referred to as 'the debtor'.</p> Signup and view all the answers