question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she…

question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she notices her payments aren’t impacting the balance much. looking closer, she finds extra fees in the agreement. which type of predatory loan offer did emery experience? select a response. bait and switch payday loan hidden fees phishing scam

question 8 of 8 emery applies for a loan online to help cover living costs while in college. later, she notices her payments aren’t impacting the balance much. looking closer, she finds extra fees in the agreement. which type of predatory loan offer did emery experience? select a response. bait and switch payday loan hidden fees phishing scam

Answer

Brief Explanations:

Emery found extra fees in the loan agreement after taking the loan, which is characteristic of hidden - fee predatory lending. Bait and switch involves changing terms after initial agreement in a different way. Payday loans are short - term high - interest loans. Phishing scams are about tricking for personal information. Here, the key is the discovery of extra fees.

Answer:

C. Hidden fees