Victims of Predatory Lending

Victims of Predatory Lending

Although predatory loans make a difference anybody, some categories of individuals are especially most likely goals for predatory lenders. They consist of:

  • Subprime Borrowers. Subprime borrowers are the ones with dismal credit scores – typically significantly less than 630 – and low incomes. As noted above, predatory loan providers often deliberately follow these borrowers them higher interest so they can charge. „Victims of Predatory Lending“ weiterlesen