Besides the finance charge,you should also consider _____ when you shop for a consumer loan.
A) loan maturity
B) total cost of the loan
C) collateral
D) prepayment penalties
E) all of the above

Question

Quizplus · Accepted Answer

All of these factors should be considered when shopping for a consumer loan. Loan maturity will determine how long you have to pay back the loan. The total cost of the loan includes interest plus any additional fees. Collateral may be required for secured loans and can affect the amount you are able to borrow. Prepayment penalties may apply if you pay off the loan early. It is important to consider all of these factors to make an informed decision about the best loan option for your individual needs.

Besides the Finance Charge,you Should Also Consider _____ When You