What is predatory lending?
A) Lending money to borrowers at an extremely low interest rate
B) The act of lending money at an unreasonably high interest rate,making payment excessively difficult or impossible for the borrowers
C) Lending money to borrowers who are not at least 18 years of age
D) Offering a borrower the option to roll over or make an extension of their loan for an additional fee
Correct Answer:
Verified
Q45: Predatory lending,lending money at an unreasonably high
Q46: What is an extension of a payday
Q47: All of these are considered predatory lending
Q48: What is an alternative to being taken
Q49: Which type of payment option postpones the
Q51: Which student loan is the best overall?
A)Subsidized
Q52: When are you granted forbearance on a
Q53: Why can't lenders make interest rates as
Q54: A roll over of a loan is
Q55: What is the payment option for a
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