Schemes that offer fee-based credit cards, loan applications saying "guaranteed approval," home equity loans, and trade schools for low-paying jobs target what group of people?

Question

Quizplus · Accepted Answer

These schemes specifically target people with low income, limited financial knowledge, and/or poor credit histories, who are more likely to seek out quick and easy solutions to financial difficulties. These individuals may be more vulnerable to high-interest loans, predatory credit products, and other types of financial scams.

Schemes That Offer Fee-Based Credit Cards, Loan Applications Saying "Guaranteed