Question

Which type of credit is usually used for cars, mortgages, and student loans?

consumption credit
installment plan
secured credit card
service credit

Answer 1

what do you think @maisyfletcher

Answer 2

I was thinking secured credit card but i'm not sure

Answer 3

does that sound correct

Secure credit is a type of credit card that is backed by a savings account used as collateral on the credit available with the card. Money is deposited and held in the account backing the card.

Answer 4

then that isn't the case because all of those things aren't backed up by a savings account...now I am super confused haha

Answer 5

consumption credit debt that someone incurs for the purpose of purchasing a good or service. This includes purchases made on credit cards, lines of credit and some loans.

Answer 6

a

Answer 7

thank you!!

Answer 8

medel plz

Answer 9

please avoid giving direct answers @CaseyBabe

Answer 10

sorry man im sleepy i forgot sorry