Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control?

Help me please!!!

Best Answer:

Carlos: What you borrow depends on your credit.
And your credit is based on your income.
If you can not save, donot borrow but you can borrow the money you save over a period of time. Two factors you need to consider before sign a contract are how much you will pay back every month and for how long?

Other answer:

a secured debt where you put up finance or capital of some form to secure the debt if you misuse the debt you lose your security like a mortgage the onus is on you to keep your home
Usually, credit card debt.
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