If you don't make payments on a secured loan as promised, a lender can
A) take any pledged collateral and resell it to pay off the loan.
B) take any of your assets and resell it to pay off the loan.
C) take any pledged collateral until you make all the missed payments.
D) attach a lien on the pledged assets.
Correct Answer:
Verified
Q16: What is a function of the Consumer
Q17: Which of the following is not a
Q18: All of the following are risks associated
Q19: In order to assess a prospective borrower's
Q20: Lenders will consider borrowers who have _
Q22: It is recommended that borrowers take the
Q23: Bankruptcy appears on your credit report _
Q24: In assessing a person's creditworthiness using the
Q25: All of the following are reasons that
Q26: Which of the following is not one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents