why do some lenders require borrowers to secure credit? to prevent defaults to guarantee full repayment to…
why do some lenders require borrowers to secure credit? to prevent defaults to guarantee full repayment to avoid any losses to reduce risk
Answer
Brief Explanations:
Securing credit with collateral or guarantees helps lenders mitigate potential losses. While it doesn't completely prevent defaults, guarantee full repayment, or avoid all losses, it significantly reduces the risk associated with lending money.
Answer:
to reduce risk