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

question 4 of 4 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? bait and switch payday loan hidden fees phishing scam

question 4 of 4 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? bait and switch payday loan hidden fees phishing scam

Answer

Brief Explanations:

A payday loan is a high - interest loan based on a borrower's next paycheck and typically has a short repayment period, often within a month. Bait and switch involves false advertising, hidden fees are additional charges not clearly disclosed, and phishing scam is about tricking for personal information.

Answer:

B. Payday loan