Question
Which best describes the difference between secured and unsecured loans? Select a response. Secured loans require collateral while unsecured loans do not Secured loans usually have higher interest rates than unsecured loans Secured loans do not appear on your credit report, while unsecured are reported Secured loans have more flexible payment plans than unsecured loans
Solution
4.6
(251 Votes)
Matthew
Elite ยท Tutor for 8 years
Answer
Secured loans require collateral, while unsecured loans do not.