Answer:
The type of credit involves a set limit based on what a consumer pays up front:
Secured credit cards
Explanation:
The secured credit card is a debt/credit instrument created based on the fundaments of decreasing the risk of default for the lending institution. It requires the client to pay a "collateral" called deposit that is calculated by the bank as the money the user can be available to borrow and pay. That deposit is your limit and you have to pay that amount to be able to recover your credit line.
