Question

instructions: choose an answer and hit next. you will receive your score and answers at the end. complete this quiz to finish the assignment for 25 - 26 personal financial literacy due on oct 3, 2025. which type of credit allows you to request a limit increase if payments are made on time? non - installment credit installment credit secured credit revolving credit

Explanation:

Revolving credit, such as credit - cards, often allows cardholders to request a credit - limit increase if they make payments on time, demonstrating good creditworthiness. Non - installment credit is a one - time loan, installment credit has a fixed repayment schedule, and secured credit is backed by collateral, none of which have the same characteristic of easy limit increases based on timely payments as revolving credit.

Answer:

D. Revolving credit