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33 votes
33 votes
Your credit score says most companies will loan you money at ten percent

interest. A company agrees to loan you money at twenty percent interest. This is
an example of what?
O A. An example of a good deal for you.
OB. Risk Based Financing.
O c. Businesses best practices.
OD. Predatory Lending.

User Jeff Sharkey
by
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2 Answers

26 votes
26 votes
This is an example of predatory landing
User Olivierg
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3.0k points
9 votes
9 votes

Answer:

OD. Predatory Lending.

Step-by-step explanation:

Predatory lending is any lending practice that imposes unfair and abusive loan terms on borrowers, including high interest rates, high fees, and terms that strip the borrower of equity. Predatory lenders often use aggressive sales tactics and deception to get borrowers to take out loans they can't afford

User Matt Komarnicki
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2.8k points