What is one key difference between payday loans and title loans? A. Title loans are offered to people with good credit. B. Title loans are long-term loans. C. Title loans require people to have a job. D. Title loans require collateral.

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Bannoni102 Bannoni102

21-03-2022
Business

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What is one key difference between payday loans and title loans? A. Title loans are offered to people with good credit. B. Title loans are long-term loans. C. Title loans require people to have a job. D. Title loans require collateral.

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jayilych4real jayilych4real · Answer 1 · 2022-03-30T11:19:32+02:00

The one key difference between payday loans and title loans is D. Title loans require collateral.

What is a Title Loan?

This is a type of loan which makes use of the borrower's car as a collateral to give a high cost and short term loan.

Hence, we can note that while a payday loan is immediately deducted from the next payslip with a fee, a title loan is high cost and short term and typically requires collateral.

Read more about payday loans here:
https://brainly.com/question/25239160

What is one key difference between payday loans and title loans? A. Title loans are offered to people with good credit. B. Title loans are long-term loans. C. Title loans require people to have a job. D. Title loans require collateral.​

Respuesta :

What is a Title Loan?

Otras preguntas

What is one key difference between payday loans and title loans? A. Title loans are offered to people with good credit. B. Title loans are long-term loans. C. Title loans require people to have a job. D. Title loans require collateral.