Question

Yousef has been approved for a type of revolving account where a lender uses a Yousef’s home as a guarantee that he’ll pay back the money he borrows. What do we call this type of revolving credit account?

(1 point)
Responses

bank credit card

bank credit card

home equity line of credit

home equity line of credit

credit card issued by another entity

credit card issued by another entity

personal debit card

Answer 1

home equity line of credit