Question

what are the terms of credit required for a loan or credit​

Answer 1

Answer:

I think it would help u

Explanation:

Terms of credit are required so that the borrower knows the conditions to take the loan. The collateral, in the form of security or guarantee, is given to the lender until the loan is repaid. If the borrower fails to repay the loan, the lender has all the rights to sell the assets or collateral to obtain the payment.

Answer 2

Explanation:

Personal credit scores usually range between 300 and 850. To qualify for most kinds of small business loans, you likely need a credit score of at least 550