A(n) _____ has a set payment schedule to pay off the debt.

(1 point)
Responses

revolving line
revolving line

auto loan
auto loan

credit card
credit card

none of the above

1 answer

The correct answer is auto loan. An auto loan has a set payment schedule to pay off the debt, while a credit card and revolving line of credit do not have fixed payment schedules.

Similar Questions
    1. answers icon 1 answer
    1. answers icon 1 answer
  1. Credit scores are made of _____.(1 point) Responses credit history, payment history, debt ratio, and types of credit credit
    1. answers icon 1 answer
  2. When paying down debt, it is best to _____.(1 point) Responses pay as much as possible toward the debt at the beginning of the
    1. answers icon 1 answer
more similar questions