
Understanding Predatory Lending Practices

Interactive Video
•
Business, Social Studies, Life Skills
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of predatory lending?
Charging inflated fees and interest rates
Providing clear loan terms
Offering loans only to high-income individuals
Charging fair interest rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does predatory mortgage lending affect families?
It often leads to foreclosure
It increases their wealth
It provides better loan terms
It reduces their monthly payments
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common practice of predatory mortgage lenders?
Providing free financial advice
Offering loans with no fees
Reducing interest rates over time
Charging excessive fees
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is loan flipping?
Reducing the loan amount over time
Providing a loan with a fixed interest rate
Offering a loan with no interest
Refinancing a loan to generate fee income without benefit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a characteristic of payday lending?
Long-term financial assistance
Loans only for business purposes
Low interest rates
Short-term loans with high fees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the typical annual percentage rate for payday loans?
400%
100%
20%
5%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common outcome for borrowers who renew payday loans?
They pay less in fees
They end up paying more in fees than borrowed
They receive a lower interest rate
They get out of debt quickly
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