9kmillymil 9kmillymil
  • 01-10-2021
  • Physics
contestada

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

Respuesta :

rrajukc7
rrajukc7 rrajukc7
  • 01-10-2021

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

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