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Which is the most likely scenario in which someone would take out a short-term loan with a bank? to buy a skateboard to by a second home to pay for credit card debt to buy a car

Kevin Sutter

in Business

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Jennifer Patterson on January 22, 2019

The most likely scenario in which someone would take out a short-term loan with a bank to pay the credit card debt. The short-term loan that is less than a year of time to pay this loan is usually taken by someone, if there is a temporary problem with their cash flow. This loan can also be taken by a company to meet its working capital to increase its sales.


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