elliott renovates his home using a loan that requires him to sign over the title to his car if he doesnt pay…

elliott renovates his home using a loan that requires him to sign over the title to his car if he doesnt pay as promised. what type of loan does elliott have? select a response. education loan interest - free loan secured loan unsecured loan

elliott renovates his home using a loan that requires him to sign over the title to his car if he doesnt pay as promised. what type of loan does elliott have? select a response. education loan interest - free loan secured loan unsecured loan

Answer

Answer:

C. Secured loan

Brief Explanations:

A secured loan requires collateral. Here, the car title is collateral.