When senior citizens or recent immigrants are pressured to take out loans they cannot pay back (often containing high fees,hidden costs,and higher rates of interest),these are referred to as:
A) predatory loans.
B) opportunistic financing.
C) consolidated loans.
D) low yield loans.
E) prime rate loans.

Question

Quizplus · Accepted Answer

Predatory loans involve lenders taking advantage of vulnerable individuals, such as senior citizens or recent immigrants, by pressuring them into taking out loans with unfavorable terms, including high fees, hidden costs, and high interest rates.

When Senior Citizens or Recent Immigrants Are Pressured to Take