. Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control? Explain why this type

Question

liubo4ka [24]

2 years ago

12

. Which type of credit requires that borrowers carefully manage the debt so it doesn't get out of control? Explain why this type

of credit requires more careful management. (1-5 sentences. 3.0 points)

Business

2 answers:

Mumz [18] · Answer 1 · 2022-06-29T02:23:30+03:00

Answer:

The type of credit that requires borrowers to carefully manage debt so that it doesn't get out of control is revolving credit. The customer can purchase anything they want up to a certain amount each month, and if the borrower does not carefully manage their revolving credit, it could get out of control.

Explanation:

Nata [24] · Answer 2 · 2022-06-29T00:56:32+03:00

Answer:

The type of credit that requires borrowers to carefully manage debt so that it doesn't get out of control is revolving credit. The customer can purchase anything they want up to a certain amount each month, and if the borrower does not carefully manage their revolving credit, it could get out of control.