Social Sciences, asked by uneetahlawat2, 6 months ago

10. Credit can play in negative role. Justify the statement.

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Answered by prevanth1507

3

How Collateral Helps You. Collateral covers a multitude of sins. If you have a low credit score, you might normally be declined a loan, but with collateral your lender might be more likely to take that risk because the lender can take ownership of the asset pledged and thus reduce the risk it takes on by loaning to you ...

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