If a borrower defaults on a secured loan, the creditor can seize and sell the item against
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If a borrower defaults on a secured loan, the creditor can seize and sell the item against which the loan is secured. Explain why the interest rate on secured loans is lower than that on unsecured loans.
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Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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