Which type of credit is usually used for cars
Asked by maham237 @ in Business viewed by 381 People
Which type of credit is usually used for cars, mortgages, and student loans? consumption credit installment credit secured credit cards service credit
Answered by maham237 @
This looks like a trick question. Homes and Automobiles are Secured Credit, as the contract provides an avenue for remedy (if you don't pay they will take it back). However, Student Loans are unsecured credit. They will all be paid off in "installments" or payments. That's about all I got...
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