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Which type of credit involves a set limit based on what a consumer pays up front? loans installment credit secured credit cards unsecured credit cards.
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Which type of credit involves a set limit based on what a consumer pays up front? loans installment credit secured credit cards unsecured credit cards.

User Philantrovert
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4 votes
ans: Secured credit cards.

explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.
User Joss Kirk
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