Scott is a 15-year-old student who works at a part-time job and gets paid every two weeks. His paycheck goes directly to his prepaid debit card. Due to some unexpected expenses, Scott is applying for a payday loan. After visiting the storefront payday lender, Scott was denied the loan because he

Question

maitripatel9262 maitripatel9262

06-06-2022
Business

contestada

Scott is a 15-year-old student who works at a part-time job and gets paid every two weeks. His paycheck goes directly to his prepaid debit card. Due to some unexpected expenses, Scott is applying for a payday loan. After visiting the storefront payday lender, Scott was denied the loan because he

Respuesta :

Otras preguntas

explain fajan's rule

nikitavidya0 nikitavidya0 · Answer 1 · 2022-06-18T17:39:55+02:00

Scott was denied the loan because he was not old enough to qualify.

What is the Payday loan?

Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.

According to the above situation, Scott is cannot get the payback loan because he is minor to sanction a loan. He must have the age of 18 years or above.

Learn more about payday loan here:

https://brainly.com/question/3949419

#SPJ1