quiz question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she…

quiz question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she notices her payments aren’t impacting the balance much. looking closer, she finds extra fees in the agreement. which type of predatory loan offer did emery experience? select a response. bait and switch payday loan hidden fees phishing scam

quiz question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she notices her payments aren’t impacting the balance much. looking closer, she finds extra fees in the agreement. which type of predatory loan offer did emery experience? select a response. bait and switch payday loan hidden fees phishing scam

Answer

Brief Explanations:

Emery found extra fees in the agreement, which is characteristic of hidden - fees in predatory lending. Bait - and - switch involves changing terms after initial agreement in a different way. Payday loans are a type of short - term loan not related to hidden fees here. Phishing scams are about tricking for personal information, not hidden loan fees.

Answer:

C. Hidden fees