which describes an example of using unsecured credit?\nsomeone buys new gutters for a home with a credit…

which describes an example of using unsecured credit?\nsomeone buys new gutters for a home with a credit card.\nsomeone buys a new vehicle with a loan from a car dealer.\nsomeone buys a new home with a mortgage from a bank.\nsomeone buys a new boat with a loan from a boat dealer.

which describes an example of using unsecured credit?\nsomeone buys new gutters for a home with a credit card.\nsomeone buys a new vehicle with a loan from a car dealer.\nsomeone buys a new home with a mortgage from a bank.\nsomeone buys a new boat with a loan from a boat dealer.

Answer

Answer:

A. Someone buys new gutters for a home with a credit card.

Brief Explanations:

Unsecured credit isn't backed by collateral. Credit - card purchases are unsecured. Vehicle, home, and boat loans are usually secured by the purchased asset.