I believe that the sender you are looking for is b
Predatory lending is can be understood as any lending practice that convinces the borrower to accept unreasonable terms, that can be coercive or exploitative, for a mortgage that the borrower cannot afford. To protect yourself you can take a look at some steps:
1. Don’t agree to a loan without understanding the amount of closing cost, fees, and other upfront costs;
2. Shop around, don’t let anyone rush you into a decision on a loan or home improvement;
3. Question about any additional fees and prepayment penalties, if any. Make sure that those fees are sound;
4. Stay clear of lenders who promise that your loan will be approved despite your credit history or rating;
5. Borrow only the amount you need and can afford;
6. For any loan, make sure you understand all of the terms before you sign it;
A 3% rise in the interest rate
A 3% increase in the interest rate would add $600,000 to the deficit and thus to the debt. This exceeds a $500,000 increase in the deficit, while tax revenues would decrease, not increase, the debt.
Answer:
NONSENSE
Explanation:
i asked my friends they said nonsense i tried to figure out a word and i went with this hope it works :|
i think it might be... A or C but most likly A. It led to an economic depression called the Panic of 1837.
