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frozen [14]
3 years ago
10

Which best describes secured credit?

Social Studies
2 answers:
Vedmedyk [2.9K]3 years ago
8 0

It is backed by a valuable asset,

which is also known as secured credit.

maria [59]3 years ago
7 0

Answer: A) 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. Secured credit cards are given to borrower with limited credit history.

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