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Which describes the difference between a personal loan and a credit card

Tara Andrews

in Business

1 answer

1 answer

Ashley Howard on August 3, 2018

I think the answer is: Personal loans offer the sum of amounts of money, while the credit cards to establish a maximum amount that a person can borrowIn personal loan, the loan amount and the interest rate that the borrower has to pay the stay in the same, regardless if the borrower uses the money or not.In the Credit card, the borrower is only obliged to pay the amount that you use plus the rate of interest.

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