Task 10 – Buy Now Pay Later

Borrowing Video.

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We had a discussion about what we would want to borrow money for. Then went on to watch the video and answer these questions

  1. Why might you want to pay for something later?
  2. What options are available to pay for something later?
  3. Where else could you go to get money?
  4. What is an unsecured loan?
  5. What is a secure loan?
  6. What is meant by Hire Purchase?
  7. Why might you use a Pawnbroker?
  8. What is a Licensed Credit Broker?
  9. What is an Unlicensed Credit Broker?
  10. From what you’ve learned so far, what would be the safest means of obtaining a loan to buy a car?
  11. Explain your answer to Question 10.

Take away for the class

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