Question

What type of marketing techniques do predatory lenders commonly use? (hint: choose two correct answers)
A.
They offer instant approval
B.
They require the borrower to have good credit
C.
They offer quick cash
D.
They require multiple financial documents and information to approve your loan

Answer 1

The correct answers regarding marketing techniques commonly used by predatory lenders are:

A. They offer instant approval
C. They offer quick cash

These techniques can create a sense of urgency and lure borrowers into unfavorable lending terms.