Introduction to Credit: Types of Credits

Fundamentals of Credit - FREE | Corporate Finance Institute®
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This Fundamentals of Credit course will give an overview of the key concepts you need for a high powered career in commercial banking, credit rating, private lending, insurance, corporate credit, and much more. In this course, we will discuss the definition of credit and the benefit of using credit as a source of funding for the company. We will look at different types of credit, interest and loans. We will compare the pros and cons associated with different loans. From there, we will explore the possible career paths of a credit analyst. We will look at the roles and responsibilities of credit analysts for different employers. Then, we will go through the general lending process and explain how a credit analyst evaluates risk. We will provide an overview of industry analysis, business analysis, management analysis, and financial analysis.
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[@anamarienepaya7159]

Anamarie P. Nepaya
In this video their are (3) three main types of credit.First, revolving credit not minimum payment and does not have fixed repayment schedule. Second, Installment which does have fixed payment schedule.Third, open credit the ability to use its product and services. Their are two types of loans payments the principal payment and interest payment. The principal payment is the value of the loan and must be repaid in full. Interest payment is the additional charge on top of principal amount that paid as compensation for making a loan. The interest payment have two types the regular interest and accrued interest. The regular interest is paid in cash while the accrued is not paid in cash. In this video discuss also the different loan feature. If i am the client using credit , i will choose secured loan,amortizing, and fixed rate loans because for me this is the advantage or positive side of different loans and the unsecured loans, non-amortizing, and variable rate loans is the disadvantage side of the loans.

[@umdfan87]

Appreciate the content. Keep it up!

[@lamelo9308]

thank you so much! I learned a lot

[@BaNuj]

10:55 - is there mistake in how the principal is coutned? On the end in my calculator the balance end up wih "-0,05" according to payment rules.

[@esmeraldadesireetremedal1068]

Present sir

[@Hereismyhandlehereismystout]

POV you’re here right before an FBLA competiton