_____ are typically private firms that charge very high interest rates, structure loans to be repaid in months rather than years, and often collect payments daily or weekly to reduce risk.

Question

Quizplus · Accepted Answer

The description fits that of alternative lenders, which are known for their high interest rates, short repayment terms, and frequent payment schedules. Personal lenders, commercial lenders, and angel lenders do not necessarily fit this description.

_____ Are Typically Private Firms That Charge Very High Interest