What loan type is typically a small-dollar debt that can be used to pay bills or...

Question

Question

What loan type is typically a small-dollar debt that can be used to pay bills or make purchases? Group of answer choices

Personal.

Cash advance.

Payday.

Bank.

Answer 1

Answer #1

A cash advance is typically a small-dollar debt that can be used to pay bills or make purchases.

A personal loan is for large payments such as buying furniture.

Payday is the day on which salary is credited.

A bank is an intermediary which takes deposits and provides loan.

Can you please upvote? Thank You :-)

Answer 2

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