Register
What is overborrowing? A. Taking a 2nd mortgage on your existing mortgage. B. Borrowing more than you can pay back, or borrowing more than is necessary. C. Using a leased car as collateral for a loan for
216k views
1 vote
What is overborrowing?

A. Taking a 2nd mortgage on your existing mortgage.
B. Borrowing more than you can pay back, or borrowing more than is necessary.
C. Using a leased car as collateral for a loan for a computer.
D. Using one credit card to pay off another credit card.

User Greg Miller
by
8.0k points

1 Answer

3 votes

Answer: B. Borrowing more than you can pay back, or borrowing more than is necessary

User Yuceel
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.0m questions

11.6m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!