Which of the following sources of consumer loans often has the most favorable terms for borrowers?
A) Commercial banks
B) Credit unions
C) Consumer finance companies
D) Savings and loan associations (S&Ls)
E) Asset management companies

Question

Quizplus · Accepted Answer

Credit unions are typically member-owned and nonprofit, which means they often offer lower interest rates and fewer fees compared to other sources of consumer loans. Additionally, credit unions may be more willing to work with borrowers who have less-than-perfect credit histories.

Which of the Following Sources of Consumer Loans Often Has