6. Which type of credit milows repeated borrowing wp to set semiet A) Closed-end credit B) Secured loan C) Open-end credit D) Unsecured loan

Open-end credit, often seen with credit cards, allows for repeated borrowing up to a certain limit. This flexibility means you can borrow, repay, and borrow again, making it a popular choice for ongoing expenses like monthly bills or emergencies. It’s like having a financial safety net that you can dip into whenever needed, as long as you stay within your credit limit! On the flip side, while open-end credit is handy, it's crucial to manage it wisely to avoid a debt spiral. Many people make the mistake of using their full credit limit, leading to high-interest debt and potential financial stress. Keep an eye on your spending and pay off balances quickly to keep your finances in check!