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American Bankers Association Exam CRCM 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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Timothy
16 days 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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Lashunda
19 days 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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Loreen
1 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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Bronwyn
2 days ago
A) Payday lending is a risky business for sure.
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Domitila
1 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
2 months ago
I think the answer is A) Payday lending. All the risks mentioned are classic characteristics of payday loans.
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Mila
3 days ago
Definitely not, the risks listed are more related to payday lending.
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Chaya
4 days ago
C) Equity stripping
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Lawana
10 days ago
B) Loan flipping
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Xuan
10 days ago
No, that doesn't match the risks mentioned.
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Talia
14 days ago
B) Loan flipping
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Hobert
16 days ago
Yes, you're right. Payday lending is known for these risks.
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Trinidad
16 days ago
Yes, you're right. Payday lending is known for these risks.
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Maile
23 days ago
A) Payday lending
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Dylan
28 days ago
A) Payday lending
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Celeste
2 months ago
I believe the risks also include minimal analysis of borrower's ability to repay the loan.
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Rana
2 months ago
I agree, borrowers with cash-flow difficulties are at risk with payday lending.
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Jolene
2 months ago
I think the significant risks are related to payday lending.
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