Respuesta :
There are five forms of credit.
- Trade Credit.
- Bank Credit.
- Revolving Credit.
- Open Credit.
- Installment Credit.
What sort of credit is most common?
Installment loans and revolving credit are the two most frequent types. Installment loans are sums of money that are loaned to you for a specific reason. Revolving credit is a line of credit that you can continue to use after you have paid it off.
What are the fundamentals of credit?
Character, capacity, and collateral are commonly referred to as the three C's of credit. Character. How you handled debt in the past (whether you paid bills on time, paid off lenders early, carried a balance from month to month, and so on) tends to predict how you will handle it in the future.
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