Types of Credit Available

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.

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