Match the examples and descriptions with the types of consumer credit. Answers will be used more than once. A common example of this form of credit is the purchase of a vehicle. This is a short-term extension of credit that is due in one lump sum before the end of the credit period. This form of credit can be used to purchase any good or service. This is a single specified amount of money lent to a consumer, usually for the purchase of a designated kind of good. This is a line of credit a lender extends that is not tied to the cost of goods, but is limited to the debtor’s credit history and ability to repay debts. This is the most common form of credit for credit cards. A common example of utilizing this form of credit is quickly purchasing high demand real estate.
