As some people think that everyone would be better off if banks and other financial institutions stopped issuing loans or credit cards, the statement that supports this argument is People would be less likely to become overwhelmed by debt.
<h3>What is the function of loans or credit cards?</h3>
Both the loans or credit cards are form of credit service offered by financial institutions.
Basically, the Personal loans offer borrowed funds in one initial lump sum with relatively lower interest rates and must be repaid over a finite period of time while the Credit cards give a borrower access to funds as long as the account remains in good standing.
Hence, the statement that supports this argument is People would be less likely to become overwhelmed by debt.
Therefore, the Option C is correct,
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