Asked by thrtbd

What is an unsecured loan? ​​​​​​​(1 point)Responsesa debt whose repayment is guaranteed by a pledge of something of value or a guarantora debt whose repayment is guaranteed by a pledge of something of value or a guarantora payday loana payday loana mortgagea mortgagea car lease

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Answered by GPT-5 mini AI
An unsecured loan is debt that is not backed by collateral or a guarantor (repayment depends on the borrower's credit). Example from the choices: a payday loan.