Which of the following lenders is most likely to be sympathetic about legitimate payment problems?
A)credit union
B)payday advance company
C)finance company
D)department store
E)commercial bank

Question

Quizplus · Accepted Answer

Credit unions are member-owned and operated, and they often prioritize helping their members during times of financial difficulty. They may be more understanding and flexible when it comes to payment problems than other types of lenders. In contrast, payday advance companies and finance companies may charge high interest rates and fees, and may not be as understanding when a borrower has trouble making payments. Department stores and commercial banks may also have less flexibility and be less sympathetic.

Which of the Following Lenders Is Most Likely to Be