Which of the following financial institutions specializes in making personal loans to people who are perceived to have a higher risk of default?

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Finance companies specialize in making personal loans to individuals who have a higher risk of default. They typically charge higher interest rates to compensate for the higher risk involved in lending to these individuals. Commercial banks, savings institutions, and credit unions may also make personal loans, but their lending criteria may be more stringent, and they may not be as willing to lend to individuals with a higher risk of default.

Which of the Following Financial Institutions Specializes in Making Personal