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What is overborrowing? A. Taking a 2nd mortgage on your existing mortgage. B. Borrowing more than you can pay back, or borrowing more than is necessary. C. Using a leased car as…

What is overborrowing? A. Taking a 2nd mortgage on your existing mortgage. B. Borrowing more than you can pay back, or borrowing more than is necessary. C. Using a leased car as…
asked 216k views
1 vote
What is overborrowing?

A. Taking a 2nd mortgage on your existing mortgage.
B. Borrowing more than you can pay back, or borrowing more than is necessary.
C. Using a leased car as collateral for a loan for a computer.
D. Using one credit card to pay off another credit card.

asked
User Greg Miller
by
8.4k points

1 Answer

3 votes

Answer: B. Borrowing more than you can pay back, or borrowing more than is necessary

answered
User Yuceel
by
8.4k points
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