the highest interest rate loans generally must be repaid in 12 months. are given to people who have low…

the highest interest rate loans generally must be repaid in 12 months. are given to people who have low credit scores. take the longest time to process. have no penalties for late payment.

the highest interest rate loans generally must be repaid in 12 months. are given to people who have low credit scores. take the longest time to process. have no penalties for late payment.

Answer

Brief Explanations:

High - interest rate loans are often given to borrowers with low credit scores as they pose a higher risk of default. Lenders charge higher interest to compensate for this risk. Late - payment penalties are common for such loans. There is no indication that they take the longest time to process or must be repaid in 12 months specifically.

Answer:

C. are given to people who have low credit scores.