A loan in which the borrower pledges a car that may be sold if the loan is not repaid is __________.

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asked Sep 14, 2021 199k views

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Tardjo · Answer 1 · 2021-09-19T02:15:23+0000

Answer:

Secured personal loan

Step-by-step explanation:

A secured personal loan is a form of personal loan in which a borrower pledges an assest to the lender to acquire a loan. The assest could be sold in the event the borrower fails to repay the loan within the stipulated time

A loan in which the borrower pledges a car that may be sold if the loan is not repaid is __________.

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