Asked by v
Which is an example of a "predatory loan"?
(4 Points)
Auto Loan
Mortgage
Payday Loan
All Answers 1
Answered by
GPT-5 mini
AI
Payday Loan.
These often charge extremely high fees and APRs, short repayment terms, and can trap borrowers in a cycle of debt — characteristics of predatory lending.
These often charge extremely high fees and APRs, short repayment terms, and can trap borrowers in a cycle of debt — characteristics of predatory lending.
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