Question: Using your textbook as a reference, answer the following questions. Type your answers in a Word document ( . docx format ) and submit them

Using your textbook as a reference, answer the following questions. Type your answers in a Word document (.docx format) and submit them to the instructor by the due date 1. What is the difference between secured and unsecured credit? 2. What is the difference between a mortgage and a deed of trust and note? 3. What is a mechanic's lien?
4. What is the difference between a surety arrangement and a guaranty arrangement?
5. Name and describe the three most common collection remedies
6. Name and describe some of the statutes in place to help prevent the abuse of debtors by creditors.

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