I want to know the answer to the following question:
What was created when the interest charged was greater than the amount of interest paid?
All the background I'm provided with is that "Whereas the advertisement might state that 1% or 1.5% interest would be charged, the consumer would be put into an adjustable rate mortgage (ARM) in which the interest charged would be greater than the amount of interest paid.". Is that enough to answer the question?
Answer: no