The highest interest rate installment loans are usually made by
A)consumer finance companies.
B)commercial banks.
C)credit unions.
D)savings and loan associations.
E)life insurance companies.

Question

Quizplus · Accepted Answer

Consumer finance companies typically offer higher interest rates on installment loans compared to other types of lenders because they often specialize in lending to people with lower credit scores or less established credit histories. This perceived higher risk leads to higher interest rates.

The Highest Interest Rate Installment Loans Are Usually Made by