Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called
installment credit
an unsecured loan
a secured credit card
compounding interest
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Home » Business » Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest