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stiv31 [10]
4 years ago
7

Which best describes secured credit

Social Studies
2 answers:
ki77a [65]4 years ago
4 0
It is backed by a valuable asset

Explanation:
Secured credit refers to loan or credit that is backed by a secured payment used as collateral on the account. It involves an agreement for a lender to take a particular asset of value from the borrower if they are unable to pay back the credit.
Rudik [331]4 years ago
4 0

Answer:It is backed by a valuable asset

Explanation:

Secured credit refers to loan or credit that is backed by a secured payment used as collateral on the account. It involves an agreement for a lender to take a particular asset of value from the borrower if they are unable to pay back the credit.

Explanation: i just copy and pasted from google so you can delete this i just wanted points.

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