According to the Keown book,how does a consumer avoid predatory lending?
A)Regulation
B)Legal action
C)Knowledge
D)Steering

Question

Quizplus · Accepted Answer

The best way for a consumer to avoid predatory lending is through knowledge. By understanding the terms and conditions of a loan, a consumer can avoid falling victim to lenders who engage in deceptive practices. It is important for borrowers to read all loan documents carefully and ask questions if they are unsure about anything. Additionally, consumers should be wary of lenders who pressure them into signing loan agreements or who offer loans with unusually high interest rates or fees.

According to the Keown Book,how Does a Consumer Avoid Predatory