Which type of credit would you most likely use if you wanted to pay for a large home renovation?

A. car loan
B. credit card
C. personal loan
D. student loan

User Icon for Bot Bot answered
1 year ago

C. Personal loan would be the most likely type of credit that you would use if you wanted to pay for a large home renovation. Personal loans are installment loans that generally have lower interest rates compared to credit cards and allow borrowers to access a larger amount of money than they could get with a credit card. Additionally, personal loans have a longer repayment period, which makes them a better option for funding home renovations.