which types of credit are most similar to each other?\n\nauto loan and mortgage loan\nauto loan and personal…

which types of credit are most similar to each other?\n\nauto loan and mortgage loan\nauto loan and personal loan\ncredit card and mortgage loan\nmortgage loan and personal loan
Answer
Brief Explanations:
Credit types are generally categorized as either installment credit or revolving credit. Auto loans and mortgage loans are both examples of installment credit. In both cases, the borrower receives a lump sum of money to purchase a specific asset (a vehicle or a home), and the loan is secured by that asset (collateral). Furthermore, both require fixed monthly payments over a predetermined period until the balance is paid in full. In contrast, credit cards are revolving credit, and personal loans are often unsecured.
Answer:
auto loan and mortgage loan