Subprime lenders that charge unfairly exorbitant rates to desperate subprime borrowers are called loan sharks.
Correct Answer:
Verified
Q41: Business credit institutions specialize in making business
Q42: Which of the following is NOT true?
A)The
Q43: Factoring involves
A)making loans to customers that depository
Q44: The typical customer of a payday lender
Q45: Finance companies have traditionally been subject to
Q47: The first major consumer finance company which
Q48: Factoring is the process of purchasing accounts
Q49: Finance companies have enjoyed very high rates
Q50: What is the primary function of finance
Q51: Finance companies operate more like nonfinancial, nonregulated
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