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. Isabella's father adds $100 to his monthly payments for his secured loan. He does this because he is trying to _______ the cost of the loan.
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
. Isabella's father gets the electric bill. He knows he has to pay the entire bill by the specified date. This type of credit is called a
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
If you spend more than your credit limit, you pay these fees.
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
High-interest loans with expensive fees and a high risk of losing collateral are costs associated with a(n)
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
A credit card with a dollar limit and a minimum balance payment requirement is a(n)
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
A loan is secured by collateral it is called a(n)
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
If you receive a source of consumer credit from a(n) ________, you may get the benefits of receiving discounts, getting advance notice of sales and being offered a major credit card that can be used anywhere.
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
Carlos wants a loan. He finds one that does not require collateral, but he can only borrow a small amount. Because he does not have to possess collateral, his loan is a(n)
secured loan
non installment credit
unsecured loan
risk based lending company
revolving credit
retailer
reduce
overlimit
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