question 4 of 4\na lender offers frank a high - interest loan based on the amount of his next paycheck. hell…

question 4 of 4\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?\nbait and switch\npayday loan\nhidden fees\nphishing scam

question 4 of 4\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?\nbait and switch\npayday loan\nhidden fees\nphishing scam

Answer

Brief Explanations:

A payday loan is a short - term, high - interest loan typically based on a borrower's next paycheck and due to be repaid quickly, often within a month. Bait and switch is a different kind of deceptive practice in sales, hidden fees are extra charges not clearly disclosed, and phishing is about tricking for personal information, not this type of loan.

Answer:

B. Payday loan