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Which of the following statements is true of the loans provided by alternative financial lenders? Alternative financial lenders do not require the credit history of

Which of the following statements is true of the loans provided by alternative financial lenders?

Alternative financial lenders do not require the credit history of an individual to approve a loan.

Alternative financial lenders offer protection to consumers and are controlled by government agencies.

Alternative lenders check the credit rating of borrowers before approving loans.

Alternative lenders offer loans at a lower rate of interest than mainstream lenders.

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