credit card - revolving credit available at any time, where the consumer must pay at least a minimum monthly payment and interest is charged on the unpaid balance, layaway plan - a type of credit available at any time, with flexible terms of repayment; it can be secured or unsecured , student loan - a type of consumer loan guaranteed by the government; usually interest-free until six months after graduation, line of credit - A line of credit is a flexible loan that lets you borrow, repay, and borrow again up to a set limit, with interest charged only on what you use., term loan - a loan used to finance purchases, where the consumer agrees to make fixed monthly payments over a set period of time, usually one to five years, mortgage loan - a long-term credit plan for purchase of a home, where the property is the collateral for the loan,

CREDIT

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