asked 15.3k views
2 votes
Unless an exact plan for longer payback was agreed upon, a personal loan should always be considered which type of loan?

A) installment loan

B) default loan

C) credit card loan

D) immediate payback loan

asked
User Kazumi
by
8.2k points

2 Answers

5 votes

Answer:

A) installment loan

Step-by-step explanation:

This is what an installment loan is. Hope this helps!

answered
User Jonna
by
7.7k points
1 vote

Answer:

D) Immediate payback

Step-by-step explanation:

In the question, it says "unless longer payback was agreed upon" which means the answer would have to be opposite... an immediate payback. Hope this helps!

answered
User Vishnuraj V
by
8.3k points

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