Question

1. predatory lenders get their negative reputation from...

discreetly selling personal bank information
limiting the amount of time a borrower has to use a loan
taking advantage of people during the great depression
charging high fees for loans and targeting desperate people

1. when you finance a new car, you will end up paying more than the sticker price.

true
false

1. there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card.

true
false

1. loans that directly help you advance in life, such as student loans, are acceptable debts.

true
false

Explanation:

1. Predatory lenders are known for unethical practices like high - fee loans and targeting vulnerable borrowers.
2. When financing a car, interest and other charges increase the total cost beyond the sticker price.
3. While a credit card is convenient, it's possible to rent a car or book a hotel room without one (e.g., using a debit card or cash deposit).
4. Student loans are often considered acceptable debts as they can enhance educational and career opportunities.

Answer:

1. Charging high fees for loans and targeting desperate people
2. True
3. False
4. True