Guest User 
Your Cred-O-Meter:
Credit: Personal Finance

Visit Personal Finance 101 to review information on additional personal finance topics and learn all about using common financial forms.

Knowing that you have to be cautious about alternative financial services, consider the pros and cons of using these types of services. For the next series of statements, choose the loan type the statement describes.

Allows you to borrow cash very quickly, at a high rate of interest, without applying for a traditional loan.

A. Rent-to-own

B. Payday lending

C. Prepaid debit cards