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All purchases made with credit cards become credit obligations, in the sense that you are legally obligated to pay for the items you buy on credit. Most home buyers also require a loan to buy a house, and they are obligated to make payments on that loan. Student loans are also very common. People finance their higher education on credit, and they are obligated to make payments on those loans.
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Earn +20 ptsQ: What are the most common credit obligations?
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What were the most common types of credit cards used in the 1980s?
In the 1980s, the most common types of credit cards used were Visa and MasterCard.
What is the most common form of credit used by consumer?
Revolving unsecured credit accounts (credit cards).
What is the borrowers attitude toward his or her credit obligations called?
Conditions
What is the purpose of credit rating agency?
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
What are some of the most common types of credit cards used today?
the most credit card used now is master card
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