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When someone applies for a consumer loan versus a credit card, A, the lender would require a collateral for the credit card. B, the lender
When someone applies for a consumer loan versus a credit card,
A, the lender would require a collateral for the credit card.
B, the lender uses a more stringent approval process for the consumer loan.
C, the lender uses the same approval process for both types of credit, with equal stringency.
D, the lender uses a more stringent approval process for the credit card.
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