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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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34 votes
34 votes
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 Durdu
by
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2 Answers

16 votes
16 votes

Answer:

Secured credit cards

Step-by-step explanation:

User Csiz
by
3.2k points
15 votes
15 votes

Answer:

Secured credit cards

Step-by-step explanation: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 Karstux
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2.2k points
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