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2 votes
Explain collateral. What type of loan might require collateral?

User Asherbret
by
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2 Answers

2 votes
Hello.


The answer is Unsecured loans.
Unsecured loans are risky and you cant use them for big payments.

Have a nice day
User JongHyeon Yeo
by
5.3k points
6 votes

assets used to secure a loan.

User Russell
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