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Types of Credit Promotions that May Be Available O Form

Types of Credit Promotions that May Be Available O Form

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what are the four types of credit the types of credit differ in a few crucial ways such as their repayment schedules and the amount required for each payment let's break it down number one installment credit with installment credit a creditor loans you a specific amount of money and you agree to pay back the sum plus interest in a series of fixed payments or installments over a set period of time home mortgages and student loans are examples of installment credit number two revolving credit the lender permits you to borrow variable amounts up to a maximum credit limit with revolving credit aside from a minimum payment requirement you can carry outstanding balances forward over one or more months while incuring interest most credit cards are a form of revolving credit [Music]

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