Car title lenders are considered to be predatory lenders, since they charge high rates of interest to those individuals who can least afford it$.$

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Read the requirements.

Requirement $1.$ Let's say an individual borrows $$500$ cash from LoanMax. Does LoanMax have a receivable or a payable when it hands over the cash to

the borrower?

LoanMax has a

when it hands over the cash to the borrower.