A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this? A. Revolving credit B. A line of credit C. Noninstallment credit D. Installment credit Please select the best answer from the choices provided A B C D
Installment credit is debt that you repay on a fixed schedule. You make a set number of level payments over time, usually with interest, until the balance reaches zero.
