2. Why are secured loans considered less risky to the lender?
a. Lenders are allowed to conduct background checks for secured loans
b. Lenders can take valuable collateral if you fail to repay your loan
c. Lenders give secured loans all the time, so they're more comfortable doing them
d. Lenders can check your credit score
before giving a secured loan, which they ca
do for an unsecured loan
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Answer :

Final answer:

Secured loans are less risky to lenders due to the presence of collateral, allowing them the ability to seize assets if the borrower defaults on the loan.


Explanation:

Secured loans are considered less risky to the lender because they involve collateral, such as a house or car, which the lender can seize if the borrower fails to repay the loan. This reduces the lender's risk as they have a way to recover their money through the sold collateral.


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