Why does an unsecured loan have a higher interest rate than a secured loan?
Only one answer
A. The bank bears all the risk of the loan.
B. The bank charges more for poor credit scores.
C. The bank bases higher interest rates on market conditions.
D. The bank raises rates unfairly for unsecured loans.
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
