Emery applies for a loan online to help cover living costs while in college. Later, she notices her payments aren't impacting the balance much. Looking closer, she finds extra fees in the agreement. Which type of predatory loan offer did Emery experience?

A. Bait and switch
B. Payday loan
C. Hidden fees
D. Phishing scam

Question

sequoiabarbee7 sequoiabarbee7

16-07-2024
Business

Answered

Emery applies for a loan online to help cover living costs while in college. Later, she notices her payments aren't impacting the balance much. Looking closer, she finds extra fees in the agreement. Which type of predatory loan offer did Emery experience?

A. Bait and switch
B. Payday loan
C. Hidden fees
D. Phishing scam

Answer :

Other Questions

find the circumference of a circle whose radius is 15.4cm

jasmines cd collection is 3/8 jazz 1/4 rap and the rest is rock music what is the fraction of rock music

find the circumference of a circle whose radius is 15.4cm

What value of x makes the equation true ? 4(2x-4)=16

find the circumference of a circle whose radius is 15.4cm

All of the following expressions have a value between 0 and 1, excepta. \frac{(-3^{7})}{(-3)^9}b. 4^{-10}× 4^{6}c. \frac{(8^3)^3}{8^{-4}} d. ( \frac{2}{5} ^{8})

find the circumference of a circle whose radius is 15.4cm

GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-16T11:26:12-04:00

Final answer:

Emery experienced a predatory loan with hidden fees affecting her payments.

Explanation:

Emery experienced a predatory loan offer that included hidden fees. These extra fees were not clearly disclosed initially, leading to her payments not significantly reducing the balance. Predatory loans often have deceptive terms that can financially harm borrowers.

Learn more about Predatory loan offers here:

https://brainly.com/question/41802979