phatcoochtamtam phatcoochtamtam

28-03-2022
Business

contestada

Which source of credit is most likely to result in the greatest loss if you
default on payments?
A. Title lender
B. Payday lender
C. Bank or credit union
D. Credit card company

Respuesta :

Tundexi Tundexi

08-04-2022

The defaulting on a payday loan is the source of credit that is most likely to result in the greatest loss if one defaults on payments.

What is payday loan?

A payday loan refers to a short-term borrowing whereby a lender will extend high-interest credit based on your income.

The reason that payday loan is most likely to result in the greatest loss is because of the option of extending the high-interest credit.

Therefore, the Option B is correct.

Read more about payday loan

brainly.com/question/25239160

Answer Link

shawtes shawtes

31-05-2022

Answer:

The correct answer is A. Title Lender

Answer Link

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