There are 2 main types of credit accounts available the 1st one is revolving this is the type of account enable you to borrow repay it then use it again this group covers , credit cards, store credit cards, and line of credits.
2nd is installment this type is classified by fixed payments- monthly, bi-weekly or weekly. This group covers things like car loans, personal loans etc...
There are other types of credit such as private company account limits and payday loans.
Topics
- Common Credit Misconceptions
- Credit Rating in a Nutshell
- How banks decide who to lend their money to.
- How do I build my Credit?
- How to deal with collection agencies.
- Sub Prime Auto Loan
- Types of Companies that contributes to Bad Credit.
- Types of Credit Available
- Understanding Interest Rates
- What is the best way to Rebuild or Repair bad Credit?
- What is the best way to reduce the amount of credit I have?
- When is Bankruptcy the right option?