Predatory lenders get their negative reputation from Charging high fees for loans and targeting desperate people. Loans that directly help you advance in life, such as student loan... Predatory lenders get their negative reputation from Charging high fees for loans and targeting desperate people. Loans that directly help you advance in life, such as student loans, are acceptable debts: True or False? When you finance a new car, you will end up paying more than the sticker price: True or False? __________ require the borrower to put up collateral for the loan.
Understand the Problem
The question presents a series of statements regarding predatory lending, acceptable debts, and financing a new car. It appears to be part of a test related to personal finance concepts, asking for identification of correct statements concerning these topics.
Answer
Secured loans require collateral.
The final answer is: Student loans are considered acceptable debts because they help you advance in life, financing a new car usually results in paying more than the sticker price due to interest, and secured loans require collateral.
Answer for screen readers
The final answer is: Student loans are considered acceptable debts because they help you advance in life, financing a new car usually results in paying more than the sticker price due to interest, and secured loans require collateral.
More Information
Student loans are often seen as an investment in your future, while car loans usually have interest that makes you pay more than the sticker price. Secured loans require you to provide collateral as a guarantee.
Tips
Be aware of the total cost of financing options, including interest. Understand the risks of putting up collateral.
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