Final answer:
A good reason to avoid quick loans is their high interest rates, which can significantly increase the overall debt amount and make repayment more difficult, negatively impacting a borrower's credit score. The correct option is 1.
Step-by-step explanation:
A good reason for avoiding quick loans is the typically high interest rates associated with them. Quick loans can come with interest rates that are significantly higher than those offered through more traditional bank loans, which can ultimately lead to a much greater amount of money owed over the life of the loan.
This makes them less attractive financially and can be a burden to borrowers who might find it challenging to make the higher payments. Lenders may offer quick loans to individuals with poor or limited credit history, but they compensate for the increased risk by imposing higher interest rates.
Flexible repayment terms and guaranteed approval may seem appealing but do not outweigh the costs of high interest rates that come with quick loans. To maintain a good credit score, it is important to avoid high-interest debt which could lead to late payments or default.