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You're shopping for a big loan, but you have misgivings about Deborah, the loan officer, at an institution you just visited. What are some reasons
You're shopping for a big loan, but you have misgivings about Deborah, the loan officer, at an institution you just visited. What are some reasons that may have you uneasy about accepting a loan there? Check all that apply. Deborah told you that the interest rate is the only important fee to worry about and that discussing the APR is an unnecessary complication. Deborah volunteered pertinent information that you didn't even know enough to ask about. Deborah encouraged you to shop around. When you filled out the loan application, Deborah told you to leave out the smaller amounts you owe to department stores. Your parents may be able to help you with the down payment, but Deborah told you to assume they will and to enter a down payment on the application including their contribution. Deborah pointed out that the APR and interest rate were different. Deborah went over the fine print, such as late payment charges and prepayment provisions. Deborah said that today is the only day you can secure the loan with favorable terms. What are the characteristics of your reasons for feeling uneasy about Deborah the loan officer? Check all that apply. The way the loan officer omitted pertinent information Feeling under pressure to make a decision The loan officer's embellishment of the facts
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