Which of these people is likely to run into problems when using a credit card? a. sheila, who often indulges in impulse buying . b. kaitlin, who doesn't have a good credit history c. max, who wants to buy important things even when he doesn't have cash

B. Kaitlin, who doesn't have a good credit history. This will result in her having difficulty to obtain a credit card in the first place, therefore she would not be able to purchase items will a bad credit rating.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan