Answer:
O B. They're easier to get than both car loans and credit cards.
Step-by-step explanation:
Payday loans are very easy loans for a person to get. They typically come with high interest and can lead to credit problems, if overused; this is one reason they are not ideal solutions to financial problems.
The correct statement is "They're easier to get than both car loans and credit cards" option (B) is correct.
It is defined as the systematic way of representing of loan payments according to the time in which the principal amount and interest are mentioned in a list manner
We have a statement:
Which of these is a correct statement regarding payday loans?
As we know, a person can obtain payday loans relatively easily. They frequently have high-interest rates and, if abused, can result in credit issues, which is one reason they are not the best answers to money issues.
It is simpler to obtain than credit cards and auto loans.
Thus, the correct statement is "They're easier to get than both car loans and credit cards" option (B) is correct.
Learn more about the amortization schedule here:
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