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. which 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. which 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 a vehicle (such as a car) as collateral. Payday loans are short - term unsecured loans based on a borrower's income. Merchant loans are for business - related purposes and peer - to - peer loans are loans between individuals without a traditional financial institution as an intermediary.

Answer:

title loan