Ask Question
BusinessBusiness
2 July, 16:21

Are credit cards considered secured loans or unsecured loans

+3
Answers (1)
  1. 2 July, 18:40
    0
    Unsecured loan

    Explanation:

    An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. Unsecured loans-sometimes referred to as signature loans or personal loans-are approved without the use of property or other assets as collateral.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Are credit cards considered secured loans or unsecured loans ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Harvestons asserted that narnia's service was invalid, in part, because "the return of service states that process was delivered to 'joann kocerek'" and did not show that she "had the authority to accept process on behalf of harvestons or the texas
Answers (1)
Shelly just completed her Master's in Business Administration. She was at the top of her class. Shelly was offered a job in lots of leading firms in the city, but she decided to follow her love of sports and apply for a position with her local
Answers (1)
Give an example of three common ceremonies
Answers (1)
If a u. s. importer can purchase 10,000 british pounds for $20,000, the rate of exchange is:
Answers (1)
Every demand curve must eventually hit the quantity axis because with limited incomes, there is always a price so high that there is no demand for the good. do you agree or disagree? why?
Answers (1)
New Questions in Business
On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $30,000.
Answers (2)
Based on this which component of the sarcomere is actually being moved when the sarcomere contracts and relaxes
Answers (1)
Which of the following is the best example of direct-response print advertising? a. An advertorial A mailing from a travel agency that asks you to explain why your spouse deserves a dream vacation b. The opening Web page for ebates c.
Answers (1)
QS 9-5 Allowance method for bad debts LO P2 Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,000 account of a customer, C. Green. On March 9, it receives a $1,500 payment from Green. 1.
Answers (1)
More and more companies are increasing their interactive marketing budgets. most of this investment will be made in:
Answers (1)
Home » Business » Are credit cards considered secured loans or unsecured loans
Sign Up Forgot Password?