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? title loan payday loan merchant loan 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? title loan payday loan merchant loan 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. Merchant loans are for business purposes and peer - to - peer loans are typically unsecured or may have other forms of collateral not related to vehicle titles.

Answer:

title loan