Question

Which are considered types of credit available to borrowers? Check all that apply.

Answer 1

Answer:

1,3,4,6

Edge Nuity

Explanation:

Answer 2

The types of credit available to borrowers are as following:

A personal loan which is unsecured for capital acquired that is usually taken from a bank or credit union that you return after a duration in fixed regularly amounts that is typically completed between two to five years.

A credit card is a cash card allotted to the cardholders to allow the cardholder to spend over goods and services and it is based upon the promise to the card issuer to repay it for the amounts to be refunded, plus the other recognized charges.

A mortgage loan which is considered to be a secured loan. It is managed either by customers of existing assets to increase funds for the purchase of a property.Or alternatively by existing estate landlords to increase funds for any goal while placing a charge on the estate being mortgaged.  

An auto loan is radically a loan that an individual gets for the purchase of a vehicle. For this type of loan, an individual does not have to pay depreciation like other loans example lease. The auto loan only has the actual purchasing price and the interest rate charged over it.