Types, Examples, and Significance of Credit


What is a Credit?

A credit is a financial arrangement in which a lender extends funds or resources to a borrower, expecting the borrowed amount to be repaid in the future, typically with interest.

What are the Types of Credit?

1. Revolving Credit 2. Installment Credit 3. Open Credit 4. Secured Credit 5. Unsecured Credit

Swipe Up

To Know More