Answered

Engage with knowledgeable experts and get accurate answers on IDNLearn.com. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

Why would a person choosing to take a line of credit want to choose one that charges simple interest

Sagot :

Rrajukc7idn

Answer:

Lines of credit are unsecured loans. That means the bank is taking a huge risk. The bank has to be certain the borrower has a credit history that indicates (s)he will pay back the loan

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.