Sometimes, as a condition of receiving an installment loan, a borrower is required to buy credit life insurance. From bo

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answerhappygod
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Sometimes, as a condition of receiving an installment loan, a borrower is required to buy credit life insurance. From bo

Post by answerhappygod »

Sometimes, as a condition of receiving an installment loan, a borrower is required to buy credit life insurance. From borrower's perspective, credit life insurance not a good deal because:

A. It's very costly
B. It does little more than give lenders a lucrative source of income
C. It increases market interest charges
D. It increases inflation
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