> > >

Loans & Lending Practices MCQs

Why are "Pay Day Loans" considered predatory?

They target people with jobs

They are offered in stores

They charge interest rates lower than credit cards

They are short term loans with interest rates far higher than those on any standard loan and are typically aimed at the poor and/or the uneducated people

Answer

Correct Answer: They are short term loans with interest rates far higher than those on any standard loan and are typically aimed at the poor and/or the uneducated people

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Loans & Lending Practices Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it

More Loans & Lending Practices MCQ Questions

Loans & Lending Practices Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it