Purchase by instalments Caribbean Netherlands

The term ‘credit’ is defined in Section 1.1 WfmBES. The note to this section states that the definition includes both credit in the form of money and credit to purchase goods. With credit to purchase goods, the consumer has the use of the goods – a car or a television, for example – or receives a sum of money with which they can purchase the goods. As with credit in the form of money, the amount borrowed has to be repaid (possibly in instalments).