Credit properly understood financial aspects has a very ancient origin, this goes back to the relationship between the traders who traded their goods even without having the money at the time. General aspects of the credit the credit is an obligation which is acquired in order to be paid within a certain period and determined, i.e. in a future and known or at least determinable date. The credit generally and commonly refers to the loan, however you can also pour into sales contracts. For example it is common to hear that someone has bought an appliance and must pay dues or on specified date. The credit can be free or not, the payment of interest on the amount borrowed or sold (where credit verse about money) i.e., can agree. The credit can be about money or other material things. While all credit is the same, there are different types of loans that have evolved to conform by the commercial practices and the passage of time complex mechanisms that make that people have easy access to a better quality of life.

There are different types of credit among which we highlight: mortgage credit. Free investment credit. Credit for housing. Student credit. Pignoraticious credit this little classification of types of credit only reflects the most common uses today and we will only deal with the first four, since the latter, i.e. the pignoraticious credit even though it is currently still used on commercial practices, is of little financial banks style: mortgage credit refers to the acquisition of a debt to be paid in the future promiseby supporting the provision of a right in rem called mortgage debt. The real right, consists of a guarantee to the creditor that the obligation will be paid in the future and that not be paid the is entitled to seize and auction the real estate that served as a bond. Free investment and credit for this housing credit classification attends to the destination that you will give to the object of the credit (which is usually money) so then when you buy a free investment credit, the money may be used for any purpose.

It is important to talk about this type of credit since it is the opposite of credit for housing, because in this case the credit must be used for the acquisition of housing. In credit for housing the Government of each country usually dictates policies clear and favorable to those who receive the credit, for example establish the obligation to agree on a very low interest that allows people access to this. Student credit in recent years, this type of loan is commonly used by low-income families, since the prevailing need access to a good higher education, is to say to the University, motivates and drives to these families, has been acquiring medium-term credits.