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2 years ago

Which of the following is true of an unsecured loan?

2 answers:

7 0

The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.

The unsecured loan is the type of loan in which there is no need for any type of collateral property.

The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.

Examples are:

Personal loans.
Students loans.
Credit cards.

The following information related to unsecured loans is

It does not for cars, houses, or any other large purchases
In this, the collateral does not involve.
It contains high interest.

Therefore we can conclude that, option d is correct.

Learn more about the unsecured loan here: brainly.com/question/8347317

Nina [5.8K]2 years ago

4 0

Answer:

Explanation:

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