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notsponge [240]
3 years ago
15

Why does an unsecured loan have a higher interest rate that an secured loan

History
2 answers:
Naily [24]3 years ago
8 0
Because it does not go through the national banks
hope this helped 
brainlyist pls

DIA [1.3K]3 years ago
4 0
The bank bears all the risk of the loan. 

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