Bobby is interested in borrowing money, but he cannot get a loan from a depository institution. He

Question:

Bobby is interested in borrowing money, but he cannot get a loan from a depository institution. He turns to a consumer finance company. In what ways are the loans Bobby might get from a finance company different from the loans he would get from a depository institution?  

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: