borrowing advantage Flashcards
1
Q
overdraft
A
interest only on outstanding payments, short term solution to cash flow problems
2
Q
personal loans
A
easy to budget
useful to buy medium to high value
3
Q
hire purchase
A
cost over time
afford something they couldn’t usually
4
Q
mortgage
A
cost over time
5
Q
credit card
A
used for differing items
protected purchases
6
Q
payday loans
A
solve short term problems
easy to secure
