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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30-11-2021
Business

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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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tatiyannawhite2006 tatiyannawhite2006 · Answer 1 · 2021-11-30T22:01:28-05:00

tatiyannawhite2006 tatiyannawhite2006

30-11-2021

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.

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