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Nora is applying for a student loan to attend college. What is true? A) Her lender takes less risk with this type of loan. B) There is no collateral needed for this secured loan. C) The APR will be lower the first month of the loan. D) A higher interest may be associated with this unsecured loan. Help QUICK!!!

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Answer:

D) A higher interest may be associated with this unsecured loan.

Step-by-step explanation:

The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged

As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores

Therefore the option D is most appropriate and fits to the current scenario

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