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Answered

Why does an unsecured loan have a higher interest rate than a secured loan?

Only one answer

AThe bank bears all the risk of the loan.
BThe bank charges more for poor credit scores.
CThe bank bases higher interest rates on market conditions.
DThe bank raises rates unfairly for unsecured loans.

Verified Answer :

Why does an unsecured loan have a higher interest rate than a secured loan?

A. The bank bears all the risk of the loan.

spicy1

ya, the answer is A.    the bank raises the interest because with a secured loan they would have something to fall back on if you didn't pay ur bills. and raise the price if its unsecured so they can try and make sure u pay it back as soon as u can

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