Dwain Hutcheson is a recent college graduate who found himself in debt as a result of credit card expenditures and in need of dependable transportation.Hutcheson recently purchased a used motorcycle from Speed Cycles.In financing the cycle, Hutcheson found that he would be making payments to Beneficial Corp., a company that deals in poor credit risks and short-term loans.Hutcheson was dealing with a:

Question

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Beneficial Corp., which deals in poor credit risks and short-term loans, is characteristic of a finance company. These companies often provide loans to individuals who may not qualify for traditional bank loans due to their credit history.

Dwain Hutcheson Is a Recent College Graduate Who Found Himself