Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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

Sagot :

rrajukc7

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

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.