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What would be the advantage to the lender

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Reference no: EM132532477

Question 1: Why do people sometimes use credit to pay for items instead of just using cash?

Question 2: When applying for credit, is it preferable to receive a low interest rate or a high interest rate?

Question 3: Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?

Reference no: EM132532477

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