To avoid high fees for loans, a person should not borrow from a

Question

Quizplus · Accepted Answer

Pawnshops typically charge very high interest rates on loans due to the risk involved in lending to customers with limited creditworthiness or collateral. It is generally best to try to secure a loan from other sources such as credit unions, savings and loan associations, or commercial banks which typically offer lower interest rates. Mutual savings banks may also be a reasonable option.

To Avoid High Fees for Loans, a Person Should Not