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Types of credit? |
meaning of revolving credit, bank credit, investment credit, and mercantile credit Revolving credit such as a credit card can have a different balance on a daily basis,bank credit such as a car loan also called an installment loan is fix at signing of contract and has a specific time of repayment in general,as to investment credit, the only thing I can think of is a credit you get such as tax for your investments,mercantile credit such as a sears or jc penny card is like a credit card in it is an revolving account. YES THOSE ARE TYPES OF CREDIT AND? |
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