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American Bankers Association CRCM Exam - Topic 10 Question 66 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 66
Topic #: 10
[All CRCM Questions]

Below mentioned list shows the significant risks of _______________.

Borrowers with cash-flow difficulties

Borrowers with no lower-cost credit alternatives

Minimal analysis of borrower's ability to repay the loan

Minimal review of borrower's credit history

Credit is usually unsecured

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Suggested Answer: B

by Lemuel at Mar 01, 2023, 04:23 AM

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Lynda
4 months ago
Not sure, could also apply to other types of loans.
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Asha
5 months ago
Definitely fits the payday lending profile.
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Vivienne
5 months ago
Wait, unsecured credit? That’s a bit risky, right?
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Filiberto
5 months ago
Totally agree, these are major red flags!
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Jordan
5 months ago
Sounds like classic payday lending risks.
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Laurel
5 months ago
None of these options seem to match perfectly, but I feel like payday lending is the closest based on the borrower risks mentioned.
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Farrah
5 months ago
I'm leaning towards equity stripping because of the unsecured credit part, but I can't recall all the details.
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Jaime
5 months ago
I remember practicing a question about loan flipping, but it didn't mention cash-flow difficulties like this one does.
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Eric
6 months ago
I think this might be about payday lending, but I'm not entirely sure. The risks listed seem to fit that type of loan.
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Josephine
6 months ago
VMware Cloud on AWS Outpost and VMware Cloud on Dell EMC both seem like they could meet the needs here. I'll need to research the differences between them.
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Vanda
6 months ago
I'm pretty sure administrators use a look-up field when creating a junction object, but I'll double-check the details in my notes just to be sure.
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Leonie
6 months ago
Hmm, I'm a bit unsure about this one. I know HTTP is used on the web, but I'm not sure if it's specifically for displaying HTML pages or something else. I'll have to think this through carefully.
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Timothy
10 months ago
I'm going with A) Payday lending. The risk factors are a dead giveaway. It's like taking financial advice from a Magic 8 Ball.
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Carrol
8 months ago
User 4: Yeah, it's better to explore other lower-cost credit alternatives.
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Desiree
8 months ago
User 3: I think it's important to be cautious with these types of loans.
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Rolland
9 months ago
User 2: Definitely, the risks listed match up with payday lending.
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Ceola
10 months ago
User 1: I agree, A) Payday lending seems like a risky option.
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Lashunda
10 months ago
A) Payday lending, no doubt. Those loans are a recipe for financial disaster. You might as well light your money on fire.
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Serina
9 months ago
C) Equity stripping is another risky practice. It can leave borrowers with nothing.
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Leoma
10 months ago
B) Loan flipping can also be dangerous. It's like digging a deeper hole.
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Jody
10 months ago
A) Payday lending is definitely risky. It can trap people in a cycle of debt.
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Loreen
11 months ago
Definitely A) Payday lending. The risks described are spot-on for that type of predatory lending. It's like a car crash waiting to happen!
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Zachary
9 months ago
C) Equity stripping is no walk in the park either.
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Tiara
9 months ago
B) Loan flipping can also be pretty dangerous.
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Bronwyn
10 months ago
A) Payday lending is a risky business for sure.
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Domitila
11 months ago
Hmm, I'm not sure. The options seem a bit tricky. I might have to go with D) None of these just to be safe.
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Shawn
11 months ago
I think the answer is A) Payday lending. All the risks mentioned are classic characteristics of payday loans.
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Tamra
9 months ago
It's true that minimal analysis of borrower's ability to repay the loan is a common issue with payday lending.
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Zack
9 months ago
Borrowers with no lower-cost credit alternatives are often the ones who turn to payday loans.
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Jesus
9 months ago
Yes, you're right. Payday lending is known for targeting borrowers with cash-flow difficulties.
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Josefa
9 months ago
A) Payday lending
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Ivette
9 months ago
The risks align more with payday lending, so it's not none of these.
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Marguerita
10 months ago
D) None of these
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Mila
10 months ago
Definitely not, the risks listed are more related to payday lending.
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Chaya
10 months ago
C) Equity stripping
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Lawana
10 months ago
B) Loan flipping
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Xuan
10 months ago
No, that doesn't match the risks mentioned.
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Talia
10 months ago
B) Loan flipping
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Hobert
10 months ago
Yes, you're right. Payday lending is known for these risks.
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Trinidad
10 months ago
Yes, you're right. Payday lending is known for these risks.
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Maile
10 months ago
A) Payday lending
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Dylan
11 months ago
A) Payday lending
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Celeste
11 months ago
I believe the risks also include minimal analysis of borrower's ability to repay the loan.
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Rana
11 months ago
I agree, borrowers with cash-flow difficulties are at risk with payday lending.
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Jolene
11 months ago
I think the significant risks are related to payday lending.
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