quiz\nquestion 1 of 8\na lender offers frank a high - interest loan based on the amount of his next…

quiz\nquestion 1 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

quiz\nquestion 1 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 Explanation:

A payday loan is a short - term, high - interest loan typically based on a borrower's next paycheck and due quickly, often within a month. This matches the description given for Frank's loan offer.

Answer:

B. Payday loan