Category Money Lion

Predatory Lending

What exactly is Predatory Lending?

Lending and mortgage origination techniques become “predatory” as soon as the debtor is led as a deal that’s not whatever they expected.

Predatory financing methods may include loan providers, home loans, real estate agents, solicitors, and home improvement contractors. Their schemes usually target individuals who have little incomes but equities that are substantial their homes.

Products on their own are perhaps not predatory. For instance, that loan with a adjustable rate of interest could be an extremely good economic tool for all borrowers.

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