Correct Answer: It is easy to apply for and get a credit card
Explanation:
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More Loans & Lending Practices MCQ Questions
Why is interest paid by the borrower deductible on their tax return?
Why can a borrower not deduct loan repayments from their income when calculating taxes?
What typically happens if a borrower breaks one of the loan covenants?
What is a 'custom loan repayment schedule'?
Why have the lenders been restricting the issuance of credit cards in recent years?
Why have credit cards become a popular method of payment?
What is meant by the term 'Credit Repository'?
What does the term 'General Recourse' mean?
What does the term 'Survey' imply?
How would a company that purchased a building using a mortgage show it in its account books?