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There are several types of credit. The most common types of credit include loans and revolving credit, installment credit, and credit cards. Within each of these types of credits, there is both secured and unsecured credit. Secured credit is when the borrower agrees to back the credit agreement with either a deposit or real property, such as a car, house, or other property. Unsecured credit is when the borrower is granted credit privileges without having to pledge a deposit or property. Most creditors will require a credit check be completed to determine a borrower's creditworthiness.