What is the best source for a personal loan? (1 point) Responses A financial institution that is FDIC-insured so the loan is secure. A financial institution that is FDIC-insured so the loan is secure. Banks because they are highly regulated by the government, so the loan terms will not be predatory. Banks because they are highly regulated by the government, so the loan terms will not be predatory. It is better to get a payday loan instead of a personal loan. It is better to get a payday loan instead of a personal loan. Extend your mortgage to cover the personal loan for the best possible rates.
1 answer
The best source for a personal loan among the given options is:
Banks because they are highly regulated by the government, so the loan terms will not be predatory.
Banks generally offer lower interest rates and better terms compared to payday loans and other less regulated financial institutions. It's important to ensure you are borrowing from a reputable source to avoid predatory lending practices.
