CSEC Social Studies · May/June 2016 · Paper 2 · Question 9

Using the headline 'Hire-purchase: Advantages and disadvantages', write an article for your school newspaper. Begin your article by stating TWO ways in which consumers benefit by buying goods on hire-purchase. State TWO ways a consumer may purchase an item other than by the hire-purchase method. Explain TWO ways by which businesses which offer hire-purchase arrangements exploit consumers. Suggest THREE actions a consumer may take to create a good credit relationship with a business that offers goods on hire-purchase. Explain fully why EACH action you suggested is likely to be successful.