Types of Credit: Credit 101

Created by: HSI - Health & Safety Institute Top Author
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Last Updated 02/2026
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Amendment 42-24 Authorized for use 1 January 2025 / Mandatory 1 January 2026

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.

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