clarissa and carlos are homeowners who have decided to purchase a piece of land adjacent to their home. the…

clarissa and carlos are homeowners who have decided to purchase a piece of land adjacent to their home. the land is for sale for $10,000.\nwhich loan would require them to use their vehicle as collateral?\n○ title loan\n○ payday loan\n○ merchant loan\n○ peer - to - peer loan

clarissa and carlos are homeowners who have decided to purchase a piece of land adjacent to their home. the land is for sale for $10,000.\nwhich loan would require them to use their vehicle as collateral?\n○ title loan\n○ payday loan\n○ merchant loan\n○ peer - to - peer loan

Answer

Brief Explanations:

A title - loan is a type of secured loan where the borrower uses the title of their vehicle (such as a car or motorcycle) as collateral. Payday loans are short - term unsecured loans based on a borrower's income. Merchant loans are for business purposes related to merchants. Peer - to - peer loans are loans from an individual to another individual and are not typically secured by vehicle titles.

Answer:

title loan