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toriedrington toriedrington
  • 26-01-2017
  • Business
Answered

Sheldon bought a new TV for his apartment with his credit card. Which type of credit is demonstrated in this scenario?

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kitkatsybouts
kitkatsybouts kitkatsybouts
  • 26-01-2017

This is an example of unsecured credit because your just giving your word to the credit card company that you'll pay it back.

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rsanford7 rsanford7
  • 26-01-2017

This is typically an unsecured loan that only requires credit instead of an asset.

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