a lender offers frank a high - interest loan based on the amount of his next paycheck. hell have to pay it…

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

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

Answer:

B. Payday loan

Brief Explanations:

Payday loans are short - term, high - interest loans based on a borrower's next paycheck, due quickly.