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Why does an unsecured loan have a higher interest rate than a secured loan? Only one answer A. The bank bears all the risk of the loan. B. The bank charges more for poor credit scores. C. The bank bases higher interest rates on market conditions. D. The bank raises rates unfairly for unsecured loans.

Kyle Mckinney

in Business

1 answer

1 answer

Karen Wright on August 2, 2018

Already, the answer is A. the bank increases the interest for a secured loan they would have something to fall back on if you don't pay ur bills. and raise the price if you are not sure so they can try and make sure u return it as soon as u can

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