Describe the two types of loans available, and explain how they are different.
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Answer:there are 4 types of loans
Explanation:Long-Term Loans. One of the most common types of loans distributed by large commercial lenders.
Short-Term Loans. Rather than requiring monthly payments, short-term loans are due, in full, at the end of the agreed-upon term.
Lines of Credit.
Alternative Financing.
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Debt Consolidation Loans. A consolidation loan is meant to simplify your finances. ...
Student Loans. Student loans are offered to college students and their families to help cover the cost of higher education. ...
Mortgages. ...
Auto Loans. ...
Personal Loans. ...
Loans for Veterans. ...
Small Business Loans. ...
Payday Loans.
Hope it helps u
Student Loans. Student loans are offered to college students and their families to help cover the cost of higher education. ...
Mortgages. ...
Auto Loans. ...
Personal Loans. ...
Loans for Veterans. ...
Small Business Loans. ...
Payday Loans.
Hope it helps u
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