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A loan in which the borrower pledges a car that may be sold if the loan is not repaid is __________.
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A loan in which the borrower pledges a car that may be sold if the loan is not repaid is __________.

User Grdryn
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2 Answers

6 votes

Answer:

a secured loan

Step-by-step explanation:

User Mala
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5 votes

Answer:

Secured personal loan

Step-by-step explanation:

A secured personal loan is a form of personal loan in which a borrower pledges an assest to the lender to acquire a loan. The assest could be sold in the event the borrower fails to repay the loan within the stipulated time

User Tardjo
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