Answered

Which of the following is a down side to unsecured loans?
O Negative impact to credit history
Higher interest rates
O Short repayment periods
Payments must be made twice each month.
Skip‣ 4/10 complete



Answer :

GinnyAnswer

Final answer:

Unsecured loans have higher interest rates and can harm credit history.


Explanation:

A down side to unsecured loans is that they come with higher interest rates compared to secured loans, which can result in increased overall borrowing costs. Additionally, unsecured loans can lead to a negative impact on credit history if payments are not made on time, affecting future borrowing opportunities.


Learn more about Unsecured Loans here:

https://brainly.com/question/29643950


Other Questions