If you pledge property or other assets as collateral,you will probably pay a higher interest rate on your loan than you would without collateral.

Name: If you pledge property or other assets as collateral,you will probably pay a higher interest rate on your loan than you would without collateral.
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Question

Quizplus · Accepted Answer

Collateral reduces the lender's risk, so loans secured with property or other assets typically have lower interest rates than unsecured loans.

If You Pledge Property or Other Assets as Collateral,you Will