Types of Credit: Credit 101
Last Updated 02/2026
English
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Description
It may seem like a relatively modern concept, but humans have been operating on credit, borrowing from one another, and paying back debts for millennia. However, credit isn't necessarily a simple concept. In this course, we'll go over the basic principles of credit, including what it is, some of the different types of credit available today, and why it's important to have credit.