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Is a car loan easy-access credit

2 Answers

6 votes
I think a car loan is easy-access credit
User Clint Pachl
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3.6k points
5 votes

Answer:

I believe so yes.

Explanation:

Easy access credit refers to very short-term and usually very high interest loans. It's a fancy way of saying payday loans, pawn shop transactions, or title loans. A car loan I believe is a title loan, therefore making it an easy-access credit.

User Dyrandz Famador
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3.2k points