A mortgage is, a loan from the bank to buy a home, Credit cards, allow you to borrow money to make purchases., You can pay for purchases and services, with cash, cheques, and credit or debit cards., A personal bank loan is, a loan from the bank., A line of credit, allows you to borrow money with low interest rates, A payday loan is, a short-term loan that you pay back from your next pay cheque, Credit means, you borrow money to buy something and pay it back later., A credit reporting agency, collects information when you use credit., Your credit history., is used when banks decide whether or not to give you a loan.

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