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What is the main advantage of a credit union compared to a payday or title
lender?
A. Credit unions often require collateral, unlike payday and title
lenders.
B. Credit unions usually require loans to be paid back in installments,
unlike payday and title lenders.
C. Credit unions usually offer lower interest rates than payday and
title lenders.
D. Credit unions offer loans to nonmembers, unlike payday and title
lenders.

Respuesta :

ayfat23

It should be noted that main advantage of a credit union compared to a payday or title is that Credit unions usually offer lower interest rates than payday and title lenders.

What is credit union?

Credit unions  serves as financial institutions, like banks, and  are nonprofit entities that aim to serve their members.

Therefore, Credit unions usually offer lower interest rates than payday and title lenders.

Learn more about credit union at;

https://brainly.com/question/2279124

Answer:

C. Credit unions usually offer lower interest rates than payday andtitle lenders.

Step-by-step explanation:

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