A Person with a History of Bad Credit and an Inconsistent

question 45

Multiple Choice

A person with a history of bad credit and an inconsistent record of payments on other debt is most likely to find a short-term loan through a

• A)commercial bank.
• B)personal credit institution.
• C)savings bank.
• D)sales finance institution.
• E)payday lender.

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Definitions:

Substitute

An alternative or replacement for something else, often found or used when the original is unavailable or unsuitable.

Extend

To prolong the duration of something or to reach out in space or time.

Course of Dealing

A pattern of actions between parties that establishes a common basis for understanding in future transactions.

Usage of Trade

Established customs and practices in a particular industry that are considered binding or enforceable in business transactions.