Question

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

Answer 1

Installment credit

Step-by-step explanation:

The answer the guy up there gives you isn't even an option, and i took the test and got it right

Answer 2

This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.