1-Why do people sometimes use credit to pay for items instead of just using cash? 2-When applying for credit, explain it is preferable to receive a low interest rate or a high interest rate? 3-Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower? 4-What questions do you have about these different Types of Credit? Use the space below to note these questions and see if they are answered as you learn more throughout this unit