Question

clarissa and carlos are homeowners who have decided to purchase a piece of land adjacent to their home. the land is for sale for $10,000. which loan would require them to use their vehicle as collateral? \bigcirc title loan \bigcirc payday loan \bigcirc merchant loan \bigcirc peer - to - peer loan

Explanation:

A title loan is a type of loan where the borrower uses their vehicle's title as collateral. Payday loans are short - term loans based on income, merchant loans are for business - related purposes from merchants, and peer - to - peer loans are between individuals without vehicle collateral. So the loan that requires a vehicle as collateral is a title loan.

Answer:

A. title loan