Answer:are u philipine Explanation:beacouse im philipine alm mo ba yon nahulaan ko kasi nag tagalogasan ung kahonpaki rate narin 5.0and thanks heart my answer
The bank wants to give you an incentive to pay back the loan. If they did not hold your assets as collateral, you could simply fail to pay back the loan and really not lose anything other than your credit score. Many borrowers already have tarnished credit scores, so that is rarely enough incentive to base a loan on.
I would put this into your own words considering I copied and pasted it. Other than that I hope this helps!
Answer:
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The election make it different because by this time they only want it money and money is earn by the person who knows how to make it I think it was teddy roosevelt