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andrew-mc [135]
3 years ago
15

When compared to __________________, ___________________ is often more difficult to obtain because the lender must rely upon you

r word that you will pay back the loan.
Social Studies
1 answer:
Luda [366]3 years ago
6 0

Answer:

Closed-end credit; open-end credit

Explanation:

in the closed end credit the lender is required to pay back the loan at specific period of time by giving the institution the payment plan.this kind of credit involves taking mortgage or financing a car through the bank.

open end credit allows you to take a loan and pay it according to your liking because it checks how much you owe versus the monthly installments. its difficult to obtain because it relies on your word which makes it more easier for people to run.

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