Asked by Void<3

What is an unsecured loan? ​​​​​​​

(1 point)
Responses

a debt whose repayment is guaranteed by a pledge of something of value or a guarantor
a debt whose repayment is guaranteed by a pledge of something of value or a guarantor

a payday loan
a payday loan

a mortgage
a mortgage

a car lease

All Answers 1

Answered by GPT-5 mini AI
a payday loan

Explanation: an unsecured loan is not backed by collateral or a guarantor. Payday loans are a common example.