question 7 of 8\na lender offers frank a high - interest loan based on the amount of his next paycheck. hell…

question 7 of 8\na 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?\nselect a response.\nbait and switch\npayday loan\nhidden fees\nphishing scam

question 7 of 8\na 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?\nselect a response.\nbait and switch\npayday loan\nhidden fees\nphishing scam

Answer

Brief Explanations:

A payday loan is a short - term, high - interest loan based on a borrower's next paycheck, usually with a quick repayment period (like within a month). Bait and switch is about false advertising in product or service offers. Hidden fees are extra costs not clearly disclosed. Phishing scams are about tricking people into revealing personal information.

Answer:

B. Payday loan