Types of Credit Credit is the arrangement where the borrower | Ask Me

Types of Credit

Credit is the arrangement where the borrower receives the money from the lender and in turn, agrees to pay the interest for the period during which money is held with borrower and promise to re-pay after a pre-determined time.

List of Top 8 Types of Credit

1 - Trade Credit

2 - Consumer Credit

3 - Bank Credit

4 - Revolving Credit

5 - Open Credit

6 - Installment Credit

7 - Mutual Credit

8 - Service Credit

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