BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 67

you ruin your credit rating.
the loan is difficult to obtain.
commercial banks do not make such loans.
the assets used as collateral are tied up until the loan has been
repaid.
Question 13. One source of the most expensive loans is through
parents.
finance companies.
banks.
friends.
credit unions.
Question 14. Which one of the following is a signal of a potential debt
problem?
Paying the maximum balance due each month
Borrowing money to pay old debts
Using savings to pay for major purchases
Receiving notice of prompt payment from creditors