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.
In terms of social influences, word-of-mouth has more credibility, but advertising has more <u>reach</u>.
<h3>What is advertising?</h3>
Advertising can be defined as the process of creating product or brand awareness so as to reach the target audience or to generate more sales.
Advertising can tend to reach large number of people especially if media is use for the advertisement, while on the other hand word of mouth has more credibility and reliable compare to advertising based on the fact that you word of mouth is a verbal communication from one person to another person.
Learn more about advertising here:brainly.com/question/1658517
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Answer: juveniles are eligible for either one incoming or outgoing phone call per week in accordance to the policies of each program/facility. The date of the first phone call depends on the date a juvenile enters a DOC facility. Each program has their own guidelines for when phone calls can take place.
Explanation:
Indigenous peoples in Canada, also known as indigenous Canadians or aboriginal Canadians, are the indigenous peoples within the boundaries of present-day Canada.
