Types of Credit. Explain the three types of credit. Under what conditions might a consumer find each type useful? Non-installment credit: (Select the best answer below.) O A. is issued for specific purchases but gives the borrower a longer time to repay the loan. O B. requires that borrowers only pay interest in the short term, and the principal at some time in the future, O C. grants varying amounts of credit to consumers based on debt level and credit payment history. OD. is issued to consumers for very short periods of time to make specific purchases