Personal credit institutions may be willing to approve of collateral that depository institutions do not find acceptable.

Name: Personal credit institutions may be willing to approve of collateral that depository institutions do not find acceptable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Personal credit institutions may have different risk appetites and lending criteria compared to depository institutions, and as such may be more flexible in approving collateral that other lenders may not find acceptable.

Personal Credit Institutions May Be Willing to Approve of Collateral