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Which of the following is an example of a secured loan? A. Credit card debt B. Mortgage C. Bank overdraft D. Line of credit

Which of the following is an example of a secured loan? A. Credit card debt B. Mortgage C. Bank overdraft D. Line of credit
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3 votes
Which of the following is an example of a secured loan?

A. Credit card debt
B. Mortgage
C. Bank overdraft
D. Line of credit

asked
User Idontknowhow
by
7.6k points

1 Answer

3 votes
B. Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.
answered
User Agrm
by
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