How do credit card loans differ from ordinary installment​ loans? Why are credit card loans particularly​ dangerous? Que

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

How do credit card loans differ from ordinary installment​ loans? Why are credit card loans particularly​ dangerous? Que

Post by answerhappygod »

How do credit card loans differ from ordinaryinstallment​ loans? Why are credit card loansparticularly​ dangerous?
Question content area bottom
Part 1
How do credit card loans differ from ordinaryinstallment​ loans?
A.
Credit card loans differ from installment loans in that creditcards charge an annual​ fee, and often raise the interestrate.
B.
Credit card loans differ from installment loans in that you arerequired to pay off your balance at the end of each 25 to 30 daygrace period.
C.
Credit card loans differ from installment loans in that you arerequired to pay off your balance at the end of each month.
D.
Credit card loans differ from installment loans in that you arenot required to pay off your balance in any set period of time.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply