Sentences with phrase «among predatory lenders»
Another practice among predatory lenders is to include a prepayment penalty on loan agreements, especially those involving subprime mortgages or car loans.
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One of the most common practices among predatory lenders is loan churning, where borrowers are forced into a relentless loan cycle in which they are constantly paying fees and interest, without noticeably reducing the principal amount owed on the loan.
It is commonplace among predatory lenders and something consumers with a poor credit history should be on guard against.
Not exact matches
It is a common practice among predatory mortgage lenders to deceive customers by offering low monthly payments and concealing additional costs, rates, and fees on the small print of the loan contract.