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

question 7 of 8 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

question 7 of 8 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

Brief Explanations:

A payday loan is a short - term, high - interest loan based on a borrower's next paycheck, which matches Frank's situation. Bait and switch is about changing terms after attracting a customer. Hidden fees are extra charges not disclosed upfront. Phishing is an online scam to steal information.

Answer:

B. Payday loan