Explain what the business model of payday lenders, title pawn lenders, and “credit approved” used car dealers.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
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Explain what the business model of payday lenders, title pawn lenders, and “credit approved” used car dealers.
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