Which types of credit are most similar to each other?

The answer is "auto loan and mortgage loan".

Purchasing another or marginally utilized auto and acquiring a house are two of the greatest money related advances we make in our lives.  

An auto loan can highly affect your credit score, which thus bigly affects whether you will get affirmed for a home credit and what rates you will get.  

When you apply for pre-endorsement on a mortgage loan, moneylenders will contrast your obligation with pay proportion and lodging costs, for example, property duties and protection to decide the amount you can acquire for a home. In the event that you have a substantial auto installment to make every month, it will bring down your getting power.

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Explanation:

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