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.
<span>In The Red Badge of Courage, the thing that henry think about the lieutenant who hit him with a sword and reminded him to catch up and get into the ranks was a BRUTE. And the lieutenant say about henry is if he has a 10,000 like henry, he could win a war less than a week.</span>
I believe the answer is: self-awareness
self-awareness refers to a condition when individuals develop an awareness toward their own characters and feelings.
With this awareness, these individuals could personally identify their own strength and weakness in order to leverage them in achieving their goals in life.
This depends for example on where the individuals live and for example in many countries of Western Europe people might be relatively well informaed of their rights
But generally I believe people are not too empowered because:
1) they don't challenge unfavorable work contracts
2) they don't take sick leave even if they can
3) they don't challenge their supervisors out of fear of loosing a job
4) they rarely seek justice in court
5) they might not be aware of their right to sick leave for example
