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 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

Which type of lender offers the lowest interest rates?A.Title lenderB.Credit cardC.Payday lenderD.Bank or credit unionSUBMITarrow_backPREVIOUS

Multiple Choice QuestionOften called "thrifts," which financial institution primarily offers savings accounts and makes long-term loans for residential mortgages?Multiple choice question.Mutual savings bankSavings and loan associationCredit unionCommercial bank

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

Which pair of phrases correctly matches the specific type of loan with the broader category it best fits?A.Credit card — Long-term loanB.Mortgage — Long-term loanC.Student loan — Short-term loanD.Line of credit — Alternative financing