Which of the following is an example of predatory lending?
A. A bank loans money at a high interest rate to a person with a good credit history.
B. A bank loans money at a high interest rate to a person with a poor credit history.
C. A bank loans a person money, knowing that person does not earn enough to afford minimum monthly repayments.
D. A bank loans a person money, knowing the loan will add to that person's monthly expenses and existing debt.

Question

Which of the following is an example of predatory lending?
	A.	A bank loans money at a high interest rate to a person with a good credit history.
	B.	A bank loans money at a high interest rate to a person with a poor credit history.
	C.	A bank loans a person money, knowing that person does not earn enough to afford minimum monthly repayments.
	D.	A bank loans a person money, knowing the loan will add to that person's monthly expenses and existing debt.

anonymous · Answer

Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower.
I guess B, at least it means high interest.

liddoislander · Answer

That would be for credit in general. Thanks tho!