Credit... What? How? Why?

By the end of this ebook, you will understand How credit works, what types of credit are available, and if you are ready to apply for credit. To achieve this objective, you will be able to: Define “credit” and “loan”. Distinguish between secured and unsecured loans. Identify three types of loans. Identify the costs associated with getting a loan. Identify the factors lenders use to make loan decisions. Explain why installment loans cost less than rent-to-own services. Explain why it is important to be wary of rent-to-own, payday loan, and refund anticipation services. Describe how to guard against predatory lending practices.