Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Question 9 of 10

A financial institution that makes loans using a borrower's car as collateral is called a

A. retail bank
B. payday lender
C. credit union
D. title pawn lender

SUBMIT

Sagot :

GinnyAnswer

Final answer:

Title pawn lenders use a borrower's car as collateral for loans, holding the vehicle's title until the loan is repaid, often with high-interest rates.


Explanation:

Title pawn lenders are financial institutions that provide loans using a borrower's car as collateral. They operate by holding the vehicle's title until the loan is repaid. These lenders often charge high interest rates due to the risk involved in this type of borrowing.


Learn more about Title pawn lenders and collateral loans here:

https://brainly.com/question/40601532


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.