How does a bank secure a loan? Give an example from the tape?

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How does a bank secure a loan? Give an example from the tape?

2007-03-01 22:52:26 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

2 answers

A lot of loans use real estate as collateral or security. Some loans are secured by other bank account funds and some are written on your name or your good credit rating. The better your credit score the lower your interest rate and the better chance you have at getting a loan. Hope this helps.

2007-03-01 23:17:54 · answer #1 · answered by juniperjasmine 3 · 0⤊ 0⤋

You win the award for the dumbest fuc!k on Yahoo Answers. You have pasted your work for us to do, including the part about "the tape", which clearly only you have.

2007-03-01 22:56:31 · answer #2 · answered by joey k 3 · 0⤊ 1⤋