The correct option for the following example of unsecured debt is C. Medical bills.
Some commonplace forms of unsecured debt are credit score cards, pupil loans, and private loans. in case you default on your scholar mortgage, your private home won't be taken — nothing has been put up as collateral.
credit score cards, student loans, and private loans are examples of unsecured loans. If a borrower defaults on an unsecured mortgage, the lender might also commission a set organization to acquire the debt or take the borrower to court.
Conclusion: Unsecured debt refers to debt created without any collateral promised to the creditor. in lots of loans, like mortgages and car loans, the creditor has a proper to take the property if bills aren't made.
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