Alternative to Payday Loans Webinar Follow-Up Quiz Question Title * 1. What is your first name? Question Title * 2. What is your last name? Question Title * 3. What is your email address? Question Title * 4. How many people are estimated to take payday loans every year? 50,000 1.2 Million 10 Million 100,000 Question Title * 5. What is the estimated APR for a 7 day Payday Loan of $100? 10% 3% 100% 1300% Question Title * 6. What consequence occurs if a borrower defaults on a title loan? Nothing, if they can explain the reason They get a 13% penalty fee The lender can attempt to re-coup their costs by repossessing and selling the car Loan doubles Question Title * 7. in what way can Pocket Change USA help you avoid doing business with a predatory lender? Connects you to Transformance, where you can receive budget and credit coaching Provides you a platform to Plan out your goals Reinforces your goals through system-driven feedback Teaches you about appropriate spending habits All of the above Done
