When comparing different loan options, there can often be obvious signs that one of them might be predatory.
Which of the following loans is a predatory loan?
Choose 1 answer:
Choose 1 answer:
(Choice A) A loan that has an adjustable interest rate that can vary
based on market conditions.
A
A loan that has an adjustable interest rate that can vary
based on market conditions.
(Choice B) A loan that charges a
fee for borrowing
and requires that you pay it off in one month.
B
A loan that charges a
fee for borrowing
and requires that you pay it off in one month.
(Choice C) A loan that charges
yearly interest and has to be paid off in two years.
C
A loan that charges
yearly interest and has to be paid off in two years.