Answer:
(1). Secured loans
Collateral is generally required for secured loans. Secured loan are those for which the borrower, along with a promise to repay, puts up some asset (collateral) as surety for the loan. A secured loan instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. The risk of default on a secured loans tends to be relatively low since the borrower has so much more to lose by neglecting his financial obligation. Secured loans financing is typically easier for most consumers to obtain. As this type of loan carries less risk for the lender, interest rates are usually lower for a secured loan.
(2). Higher interests rates.
People who get loans but are considered a risk to fully repay them, often get higher interest rate. Because the risk to the lender is increased relative to that of secured debt, interest rates on unsecured debt tend to be correspondingly higher. However, the rate of interest on various debt instruments is largely dependent on the reliability of the issuing entity. An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default.
(3). Higher total payment.
An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default. Lenders issue funds in an unsecured loan based solely on the borrower's creditworthiness and promise to repay. Unsecured loan has no collateral backing, It involves no security, Hence, If the borrower defaults on this type of debt, the lender must initiate a lawsuit to collect what is owed.
It is part of the marginal benefit
hope this helps you
Inspired by the outcome of the French Revolution and revolutionaries of the same cause, the upper class Creoles began to support the Revolutionaries' cause. With this many people, they were able to drive the Spanish out of Mexico, and declare their independence.
Answer: I really don’t know what you are talking about but I think this is it
social grants - the government gives grants in many forms: unemployment insurance, financial help for families with low economic resources, low-interest credit.
Nutrition - the government provides school lunch to public schools under nutritional guidelines. The government also provides food stamps to poor families.
School fees - the government subsidizes primary and secondary education, either with public schools, or school vouchers. For tertiary education, the government offers student loans at low interest rates, and scholarships.
Health Care - the government provides Medicaid for poor families, and Medicare for the elderly. It also regulates the price of prescription drugs to some extent.
Housing - the government provides public housing to poor families, and also help families to access mortgages at lower interest rates.
