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An example of secured credit is a

A. payday loan.
B. credit card.
C. mortgage.
D. medical bill.

Sagot :

Blabbehindithoidn

Answer:.

C. mortgage

Explanation:

Mortgage Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.

An example of secured credit from the options provided is mortgage.

What is secured credit?

Secured credit is a line of credit that is backed up by an asset. In the case that the borrower defaults, the asset used to back up the credit can be possessed by the lender.

On the other hand, unsecured credit is a line of credit that is not backed up by any asset. An example is a credit card.

To learn more about mortgage, please check: https://brainly.com/question/9285857

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