Answer:
B
Explanation:
Unlike the other options, payday lenders are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.
Payday lender is the type of lender is most likely to charge the highest interest rate. Hence, option B is correct.
A person or business that extends credit to clients with the condition that they repay the loan on their subsequent paycheck.
According to state legislation, payday lenders are permitted to extend loans of up to $700 at interest rates as high as 15% every $100.
Thus, option B is correct.
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