Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a _____.A.payday loanB.mortgageC.title loanD.line of credit

A financial institution that makes loans using a borrower's car as collateral is called a _____.A.credit unionB.payday lenderC.title pawn lenderD.retail bankSUBMITarrow_backPREVIOUS

Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.

Which type of lender offers very short-term loans using a piece of property you own as collateral?A.Credit unionB.Payday lenderC.BankD.Title lender

A consumer loan meant to help people pay for a home in small installments over many years is a _____.A.student loanB.payday loanC.line of creditD.mortgage

The Clarks borrowed $175,000 from a lender to purchase a townhouse. This is an example of _____.A.a mortgageB.revolving creditC.a line of creditD.collateralSUBMITarrow_backPREVIOUS