Question

Carla has applied for a loan. Choose from the following conditions the one that makes it likely that she will get an unsecured loan.

A. She has a very good credit history.

B. She is ready to pay a huge amount in interest.

C. She is willing to put up her home as collateral for the loan.

Answer 1

I think the correct answer from the choices listed above is option B. The condition that makes it likely that she will get an unsecured loan is that she is ready to pay a huge amount in interest. An unsecured loan is a type of loan where there is no property that can be used as collateral and something that will prove she is worthy of the loan.