Question: ( 7 ) Pre - approved credit, up to a certain limit . Open - end credit in which the borrower pledges equity in a
Preapproved credit, up to a certain limit
Openend credit in which the borrower pledges equity in a home as collateral.
To get a new loan, in which all, or part, of the proceeds are used to pay off an old ioan.
Borrowed money that is paid back with equal payments.
A loan for personal, family, or household purposes.
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