https://padlet.com/gaudons/ooyqhzofz6hr Consumer loans and revolving credit en-us 2016-11-29 01:05:00 UTC 2024-04-06 10:41:37 UTC hello@padlet.com gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140374253 By Brent Gaudon]]> 2016-11-29 01:08:22 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140374253 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140375591 Looking to learn about the different types of credit? Then you came to the right place. This webpage has all the information you need to get a basic understanding of what the different types of credit are, and the roll they have in everyday life.

Before getting started you should probably know what the two types of credit are, and that is Consumer Loans and Revolving Credit.

Consumer Loans are a one-time loan that the borrower pays back over a specified time with a payment schedule. Some examples of consumer loans are home mortgages, automobile or house furnishings.

Revolving Credit is a line of credit, where loans are made on a continuous basis and the borrower is billed and pays at least a partial payment. Some examples are department store cards or a bank credit card.]]> 2016-11-29 01:20:22 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140375591 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140378280 This video gives a great in depth lesson on what Consumer Loans are and the math behind calculating it. It also gives real life examples of Consumer Loans and goes through the steps of how to calculate the cost of a loan. I found this video helpful because it gave real life examples and helped show me the impact Consumer Loans will have on me.]]> 2016-11-29 01:44:09 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140378280 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140389192 This video is a quick summary of what Revolving Credit is, and a rundown of how it works. It is helpful to get a basic understanding of Revolving Credit, and is a good place to start learning. I found this video useful in giving me a definition of what Revolving Credit is.  ]]> 2016-11-29 02:08:55 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140389192 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140392582 This image show a few examples of the different kinds of Consumer Loans.]]> 2016-11-29 02:48:07 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140392582 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140393521 This image shows the cost of using credit to purchase something, and how the cost builds up.]]> 2016-11-29 03:00:05 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140393521 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140393803 This website provides information on what Revolving Credit is, some examples of it and how it compares to an installment loan.]]> 2016-11-29 03:03:05 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140393803 gaudons https://padlet.com/gaudons/ooyqhzofz6hr/wish/140401096 2016-11-29 04:33:56 UTC https://padlet.com/gaudons/ooyqhzofz6hr/wish/140401096