quiz question 7 of 8 a lender offers frank a high - interest loan based on the amount of his next paycheck…

quiz question 7 of 8 a lender offers frank a high - interest loan based on the amount of his next paycheck. hell have to pay it back quickly, within the next month. which type of predatory loan offer did frank experience? select a response. bait and switch payday loan hidden fees phishing scam

quiz question 7 of 8 a lender offers frank a high - interest loan based on the amount of his next paycheck. hell have to pay it back quickly, within the next month. which type of predatory loan offer did frank experience? select a response. bait and switch payday loan hidden fees phishing scam

Answer

Brief Explanations:

A payday loan is a short - term, high - interest loan typically based on a borrower's next paycheck and due to be repaid quickly, often within a month. This matches Frank's situation. Bait and switch is about false advertising in product or service offers, hidden fees are extra charges not clearly disclosed, and phishing is an online scam to obtain personal information.

Answer:

B. Payday loan