Which Best Describes Secured Credit?
Which Best Describes Secured Credit?. Read the information about two competing credit cards. None of the other options is correct.
Which best describes secured credit? Read the information about two competing credit cards. Secured credit refers to loan or credit that is backed by a secured payment used as collateral on the account.
An Effective Method For Lenders To Mitigate Their Risk Is By Asking You To Put Skin In The Game.
Press j to jump to the feed. Spent a lot of money in the second. Secured credit refers to loan or credit that is backed by a secured payment used as collateral on the account.
The Collateral Is Usually An Asset Owned By The Borrower.
This is known as secured credit. Credit card 1 would be the better option if the borrower: A secured credit card is a type of credit card that is backed by a cash deposit, which serves as collateral should you default on payments.
Had Major Expenses In The First Year.
People who want to buy a house typically ask the bank for a__. Any creditor or lender involved in issuing a credit instrument backed by collateral is referred to as a secured. Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material.
What Is Secured And Unsecured Credit?
Secured credit is when a loan is backed by a collateral. It involves an agreement for a lender to take a particular asset of. Press question mark to learn the rest of the keyboard shortcuts
Secured Credit Is Backed By An Asset Equal To The Value Of A Loan, While Unsecured Credit Is Not Guaranteed By A Material Object.
Which best describes secured credit? An example is a home. Which of these best describes a line of credit?
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