Respuesta :
1. An example of an unsecured debt is a student loan. A secured debt will have something held such as title to a car. A secured debt can have the collateral repossessed.
2. Unsecured debt interest rates are usually higher when compared to secured debt.Â
2. Unsecured debt interest rates are usually higher when compared to secured debt.Â
1. An example of an unsecured debt is a STUDENT LOAN.
2. Unsecured debt interest rates are usually higher when compared to secured debt.
Explanation:
Unsecured debt means somebody loaned you cash, however, they do not have a lien on something. Credit cards and student loans are smart samples of unsecured debt, as a result of there is nothing they'll directly repossess if the recipient does not pay.
2. Unsecured debt interest rates are usually higher when compared to secured debt.
Explanation:
Unsecured debt means somebody loaned you cash, however, they do not have a lien on something. Credit cards and student loans are smart samples of unsecured debt, as a result of there is nothing they'll directly repossess if the recipient does not pay.