bob wants to borrow $5,000 to pay for a vacation. he plans to pay the loan back quickly using a bonus that…

bob wants to borrow $5,000 to pay for a vacation. he plans to pay the loan back quickly using a bonus that he will receive in a few months. he does not want to pay a high interest loan. which loan would be best? title loan payday loan student loan peer - to - peer loan

bob wants to borrow $5,000 to pay for a vacation. he plans to pay the loan back quickly using a bonus that he will receive in a few months. he does not want to pay a high interest loan. which loan would be best? title loan payday loan student loan peer - to - peer loan

Answer

Brief Explanations:

Title loans and payday loans typically have high - interest rates. Student loans are for educational purposes. Peer - to - peer loans may offer more reasonable interest rates and flexible terms for non - educational personal borrowing like a vacation loan.

Answer:

peer - to - peer loan