The advantage of secured credit is the creditor's right to repossess the collateral.

Name: The advantage of secured credit is the creditor's right to repossess the collateral.
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Secured credit is backed by collateral, which gives the creditor the right to repossess the collateral in case of default. This reduces the risk for the creditor, making it easier to obtain a lower interest rate and higher borrowing limit compared to unsecured credit.

The Advantage of Secured Credit Is the Creditor's Right to Repossess