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Business, 04.01.2020 03:31 bosskid361

Jim has a home loan and a car loan. he defaults on his home loan after a year of making payments on time. however, he continues to make all of his car payments on time. will his actions make his home debt a good or bad debt? why?
select the best answer from the choices provided.
a. jim's debt becomes a good debt since it is backed by collateral.
b. jim's debt becomes a bad debt since he cannot make payments.
c. jim's debt becomes a bad debt since it is not backed by collateral.
d. jim's debt becomes a good debt since he is making payments on his car.

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