quiz\nquestion 7 of 8\na lender offers frank a high - interest loan based on the amount of his next…

quiz\nquestion 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

quiz\nquestion 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, due quickly. This matches Frank's situation. Bait and switch is about false advertising, hidden fees are extra charges not mentioned upfront, and phishing is about tricking for personal info.

Answer:

B. Payday loan