asked 228k views
4 votes
A lender won't lose money funding what type of loan?

A) Secured loan
B) Unsecured loan
C) Payday loan
D) Subprime mortgage loan

asked
User Darkey
by
8.3k points

1 Answer

3 votes

Final answer:

A lender won't lose money funding a secured loan because it is backed by collateral.

Step-by-step explanation:

A lender won't lose money funding a Secured loan. Secured loans are backed by collateral, which reduces the risk for the lender. If the borrower defaults on the loan, the lender can repossess the collateral to recover their funds.

answered
User Magnetar
by
7.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.