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Louise got caught in a cash flow trap and desperately needed money quickly. Unfortunately, she didn't shop around and she went to a _____. As a result, her annual percentage rate was higher than 780%.

User Dirk Jan
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Answer:

The correct answer is letter "D": payday loan company.

Step-by-step explanation:

Payday loan companies, often called cash advance, are loans based on individuals' income and credit history. These loans are to be repaid in short periods and carry a high-interest rate along with them. The principal of the loan is calculated as part of the individual's paycheck.

User Nikitah
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Answer:

The correct answer is Payday loan company.

Step-by-step explanation:

The payroll credit is a portfolio collection mechanism, where the debtor authorizes his employer or paying entity to make a discount from his salary or pension, with the aim that these resources be used to pay the credit installments acquired with the financial institution.

In order for you to forget the long lines to make an appropriation, stop being a victim of your short-term memory, be judicious with the payment of the monthly installments with which you are committed and correctly manage your payroll credit, you must notify the financial institution, its payroll discount authorization and the collection agreement must be duly signed with the employing entity, specifying all the obligations of the agreement.

User Hamza Khan
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