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jake82 jake82
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8 months ago
If you don't make payments on a secured loan as promised, a lender can

▸ take any pledged collateral until you make all the missed payments.

▸ take any pledged collateral and resell it to pay off the loan.

▸ take any of your assets and resell it to pay off the loan.

▸ attach a lien on the pledged assets.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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overlandtrailoverlandtrail
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8 months ago
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jake82 Author
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8 months ago
You make an excellent tutor!
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Just got PERFECT on my quiz
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Thanks for your help!!
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