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Business Law Questions
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Business Law Question
The video reveals that sub-prime auto lending practices by agencies such as BUY HERE
PAY HERE are unethical. The sub-prime auto lending companies take advantage of poor people
with financial problems such as low credit scores, bankruptcy, and foreclosure by offering them
car loans on used cars with high-interest rates. The video reveals that the average interest is 19%
and can rise to as high as 29%, which is unethical as the rates are way above…
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