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23 September, 21:34

Which describes an example of using unsecured credit?

Someone buys new gutters for a home with a credit card.

Someone buys a new vehicle with a loan from a car dealer.

Someone buys a new home with a mortgage from a bank.

Someone buys a new boat with a loan from a boat dealer.

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  1. 24 September, 00:58
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    an example of using unsecured credit is: A. Someone buys new gutters for a home with a credit card.

    Unsecured credit happens when there is no assurance to guarantee the credit which will increase the risk of potential loss in the process.

    In option B, C, and D, the creditors could easily take back the product if that person failed to pay their credit.
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