The Lowest Payment Does Not Necessarily Mean the Best Credit

question 22

Multiple Choice

The lowest payment does not necessarily mean the best credit plan. If your car loan is a long period of time, you may end up owing more than the car is worth, which is called

• A) Low monthly payments.
• B) Low-interest loan.
• C) Negative equity.
• D) Loan preapproval.
• E) All of these are potential problems.

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Definitions:

Performance Review

A formal assessment in which the work performance of an employee is documented and evaluated.

Supportive

Providing assistance, encouragement, or emotional help to others in a way that promotes a positive environment or outcome.

Corrective

Designed to correct or rectify an error, fault, or undesirable outcome, often through specific interventions or adjustments.

Feedback

Information provided about reactions to a product, a person's performance of a task, etc., used as a basis for improvement.