Social Sciences, asked by hazelgrace98, 6 months ago

what is credit or loan

Answers

Answered by abhipatel8119

Answer:

Both loans and lines of credit let consumers and businesses to borrow money to pay for purchases or expenses. ... A loan is a lump sum of money that is repaid over a fixed term, whereas a line of credit is a revolving account that let borrowers draw, repay and redraw from available funds.

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