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.\n○ bait and switch\n○ payday loan\n○ hidden fees\n○ phishing 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.\n○ bait and switch\n○ payday loan\n○ hidden fees\n○ phishing scam

Answer

Brief Explanations:

A payday loan is a type of predatory loan that is based on a borrower's next paycheck, with high interest and a requirement to repay quickly (often within a month). Bait and switch is a deceptive marketing tactic, hidden fees are undisclosed charges, and phishing scam is a fraud involving fake communications to steal info. So Frank's experience matches a payday loan.

Answer:

B. Payday loan