Discuss secured sources of short-term loans and what concerns may the lender have with this type of financing?
Provide an example too please.
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Secured sources of short-term loans can include anything from a future paycheck (payday loans) to the item that the money which was loaned was used to purchase. The reason that lender choose to give out secured short-term loans is to make sure that they are paid back the money that they are owed if one way or another. A concern that occurs in ...
Secured sources of short-term loans and what concerns may the lender have with this type of financing are examined.