Question

Carla has applied for a loan. Which condition makes it likely that she will get an unsecured loan?A.She has a very good credit history.B.She is ready to pay a huge amount in interest.C.She is willing to put up her home as collateral for the loan.

Answer 1

Answer:good credit history

Explanation:

Answer 2

Answer:

The correct answer is A

Explanation:

Unsecured loan is the kind of loan which is not attached to any kind of collateral. The assurance which is required from the lender that the person will repay the debt, which is the person creditworthiness and on the words of the person.

The unsecured loans involve the student loans as well as personal loans. And credit cards is also the another kind of unsecured credit, referred to as revolving credit, where the person borrow and repay the money monthly.

So, Carla applying for the loan, the condition which make the loan likely is that she has a good credit history, in order to get the unsecured loan.