Describe how a secured loan is different from an unsecured loan

Question

asked Jun 1, 2023 56.4k views

1 Answer

Robintibor · Answer 1 · 2023-06-05T08:27:47+0000

Answer:

Secured loan uses collateral (car or house) where unsecured does not use collateral (loan made just on promise to pay it back). ... Unsecured are usually smaller with higher interest rates.

Step-by-step explanation:

Describe how a secured loan is different from an unsecured loan

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions