Consumers have access to various types of credit, including credit cards, personal loans, auto loans, mortgages, student loans, and lines of credit. Credit cards allow for revolving credit with variable limits, while personal loans provide a lump sum for various needs. Auto loans are specifically for purchasing vehicles, and mortgages are long-term loans for buying homes. Student loans help finance education, and lines of credit offer flexible borrowing options up to a certain limit.
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