[lkdjjdjjjdskjd]

How do auto loans and credit card approvals differ? Surely both have some human element to it still?

Maybe the sums involved are different, so giving loans is more risky than approving credit cards?

Also, incentives might be different. Maybe credit card companies want "bad" borrowers, because they make the most money if people go into high debts on credit cards? On the other hand for normal loans there is no such incentive, because the interest rates are fixed and much lower.

[bluedino]

Car loans are secured (the bank owns the car). If you buy stuff on a credit card, you own the stuff

[clairity]

most people get auto loans st the dealership with a salesperson (the human element), but get credit cards via online or paper forms (no human involved).

[lkdjjdjjjdskjd]

So an "auto loan" is a "car loan"? I thought it was an automatically created loan. Thanks for clarifying.

[toast0]

It's an automobile loan; car, truck, van, whatever. (Often not a motorocycle or watercraft)