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

question 8 of 8\nemery applies for a loan online to help cover living costs while in college.\nlater, she notices her payments arent impacting the balance much.\nlooking closer, she finds extra fees in the agreement. which type of\npredatory loan offer did emery experience?\nselect a response.\n○ bait and switch\n○ payday loan\n○ hidden fees\n○ phishing scam

question 8 of 8\nemery applies for a loan online to help cover living costs while in college.\nlater, she notices her payments arent impacting the balance much.\nlooking closer, she finds extra fees in the agreement. which type of\npredatory loan offer did emery experience?\nselect a response.\n○ bait and switch\n○ payday loan\n○ hidden fees\n○ phishing scam

Answer

Brief Explanations:

To determine the correct answer, we analyze each option:

  • "Bait and switch" involves advertising one thing but providing another, not related to extra fees in loan agreements.
  • "Payday loan" is a type of short - term high - interest loan, not defined by hidden fees in the way described here.
  • "Hidden fees" matches the situation where Emery found extra fees in the loan agreement that were not initially apparent, and these fees affected the impact of her payments on the balance.
  • "Phishing scam" is about stealing personal information, not about loan fees.

Answer:

C. Hidden fees