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Finance
Types of Credit
Term Length
Which type of credit typically gives debtors the most time to repay money they have borrowed?
car loans
credit cards
mortgages
personal loans
1 answer
Mortgages typically give debtors the most time to repay money they have borrowed. Mortgages typically have repayment periods of 15-30 years, allowing borrowers a longer timeline to pay back the borrowed funds.
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