Answered

Which option best completes the following statement?
Apply for a
using a cash deposit as collateral.
O gas and retail credit card
O joint account holder
O loan with a cosigner or co-applicant
secured credit card or loan



Answer :

GinnyAnswer

Final answer:

The best option for a secured credit card or loan is to use a cash deposit as collateral.


Explanation:

When applying for a secured credit card or loan, the best option is to use a cash deposit as collateral. This means that you would provide a cash deposit that serves as security for the credit card or loan. If you fail to repay, the bank can use the cash deposit to cover the outstanding balance.


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