Guard Against Predatory Lending Practices |
| Predatory lending occurs when companies offer loan products using certain marketing tactics, abusive collection tactics, and loan terms that deceive and exploit borrowers. Predatory loans are usually more expensive than other loans or have repayment terms many people cannot meet.
The best ways to guard against being involved in a predatory loan transaction is to be a good consumer by:
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Guard Against Predatory Lending Practices
Guard Against Predatory Lending Practices |
| Predatory lending occurs when companies offer loan products using certain marketing tactics, abusive collection tactics, and loan terms that deceive and exploit borrowers. Predatory loans are usually more expensive than other loans or have repayment terms many people cannot meet.
The best ways to guard against being involved in a predatory loan transaction is to be a good consumer by:
|