Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. payday loans.  as you saw, the interest rates on

Payday Loans.  As you saw, the interest rates on these loans can be extremely high and are...

90.2K

Verified Solution

Question

Finance

Payday Loans.  As you saw, the interest rates on theseloans can be extremely high and are even called predatory by some.Do you think such high interest loans are ethical? Why or whynot?

Answer & Explanation Solved by verified expert
3.7 Ratings (481 Votes)
Payday Loans A payday loan is a type of short term borrowing where a lender extends High interest credit based on borrowers income and credit profile These loans are also sometimes referred to as cash advances Payday advance loans rely on    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Payday Loans.  As you saw, the interest rates on theseloans can be extremely high and are even called predatory by some.Do you think such high interest loans are ethical? Why or whynot?

Other questions asked by students

Advance Math
1.2K views

Let A = {1,2,3}. In each part, give an example of the requested function and justify...

Medical Sciences
1.2K views

Discuss 3 benefits of improving nutrition during pregnancy.

Statistics
1.2K views

b Could the result from part a be the actual number of survey subjects who...

Algebra
1.2K views

An investor is considering three types of investments: a high-risk venture into oil leases with...

Algebra
1.2K views

Write the system of equations as an augmented matrix Then use the Gauss Jordan method...

Accounting
1.2K views

I have to do some adjusting entries. Assignment states, Equipment: straight line method used for...

Accounting
1.2K views

FORENSIC ACCOUNTING Answer: 1) Identify the different types of fraud and their respective perpetrators and...

Accounting
1.2K views

Manufacturing businesses have inventory accounts, but service and merchandising businesses do not. Yantnz: Yes

Accounting
1.2K views

Determine the missing amounts

Accounting
1.2K views

Carlise has identilled the following information about its overhead octivity pools and the two product...

Accounting
1.2K views

Notes Receivable. On December 31, 2020 Kaplin Inc. provided service to Sports Unlimited, accepting a...

Accounting
1.2K views

La cadena de valor de un restaurante incluye: solo el restaurante. solo contribuyentes...