Four Types of Credit

In Glogpedia

by jarrett997
Last updated 6 years ago

Social Studies

Toggle fullscreen Print glog
Four Types of Credit

When a business offers a charge account to a customer they are offering a contract between them. There are also 3 types of charge accounts; Regular, Budget and Revolving.

Trade credit occurs when a company recieves goods from another company and has agreed to pay for them later. Businesses and companies are usually the only ones that use Trade Credit. There are 2 types of trade credit: 3/10 and n/30.

Sales credit is what most companies offer, it involves the use of charge accounts and credit cards of consumers buying various products or services.

When a person borrows money that they plan to use for a special purpose this is considered loan credit. Loans are obtained by contract thourgh a bank.

Four Types of Credit By: Jarrett Hollenbeck

Credit: Credit is the act of using someone elses money for a period of time. When ever someone loans out money to someone on credit, they are expected to be payed back. There are four types of credit; trade, loan, sales, and charge.






  • nomiritosa601096008f85e 10 months ago

    nomiritosa601096008f85e's avatar

    Every pawn loan, also know as a collateral loan, is given based on the value of an item you bring in. Our team has decades of experience appraising valuables and other items to ensure that you get the fairest rate. From antique appraisals to jewelry and memorabilia, our team will assess your item quickly and give you a loan without performing a credit check. We will also give you the maximum value for your items each time. And best of all, the appraisal process can happen 100% online!

  • 6077fc44532ab6077fc4455ba6 8 months ago

    6077fc44532ab6077fc4455ba6's avatar

    In many cases, most debtors will not pay the overdue amounts and outstanding debts, so they are considered bad debt customers. When this problem happens, all creditors will use some tricks to recover the bad collection money owed to them. In this case you need a cash loan to support bad debt (vay tiền mặt hỗ trợ nợ xấu)

  • 60e44fb68f12a60e44fb6a924e 3 months ago

    60e44fb68f12a60e44fb6a924e's avatar

    Hi, I know firsthand that everyone has unforeseen situations that cause them to give up and give up. One time I almost lost my business because of the sneaky deception of my co-founder. I didn't even have money for food. I was desperate and decided to take a loan, promising myself a year to pay it all off and get back on my feet ... And it all worked out! Thanks to who helped me to take out a good loan and offered me the lowest interest rate. Don't be afraid of anything and good luck!

  • 6181a8a19947d6181a8a1b345e 2 months ago

    6181a8a19947d6181a8a1b345e's avatar

    Bad credit loans are loans given to people with less than ideal credit and usually have no other choice when applying for a loan. Payday loans should be a quick fix for unexpected expenses or bills, minus a durable solution. For some, payday loans may be the only alternative is .