Mateo is a pizza delivery driver and is paid by the hour. He was forced to take two weeks off of work due to a serious illness a
nd cannot afford his rent. He owns his car, but has no other significant assets. Should he seek a loan from a payday loan company or a title pawn lender? Why?
Answer: He should go to a payday loan company because he would have to put up his car as collateral and risk losing it at a title pawn lender.
Explanation: Payday loan company offers unsecured loans meaning they give out loans without a collateral since the payment of the loan is tied to the paycheck of the borrower. That means the paycheck stands as a collateral for the loan.
With a title Pawn lender Mateo has to use his car as a collateral and risk losing it if he doesn't meet payment deadline.
In conclusion, it is best to acquire loan from a payday loan company as arrangements can be made on payments and he will still have enough money to live on while paying the loan.
forced Indians to move to cities also they capture them but not enslave them. If you look at the Manifest destiny picture you can see us moving west and the Indians Feeing.
