Definition of «unaffordable loans»

"Unaffordable loans" refers to loans that are too expensive or difficult to repay because the borrower cannot afford the monthly payments or the overall cost of the loan.

Sentences with «unaffordable loans»

  • But consumer groups said the legislation would allow banks to make unaffordable loans with triple - digit APRs. (americanbanker.com)
  • He spoke in response to a question about an earlier Seattle Times story saying that Clayton trapped borrowers into unaffordable loans on depreciating homes. (fortune.com)
  • From there, you can play around with the filters, changing your location and vocation so that you are matched with a lender that will do business with you as well as things like your monthly budget so that they don't waste your time with unaffordable loans. (angryretailbanker.com)
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