Sentences with phrase «considered predatory loans»
These loans may be considered predatory loans as they have a reputation for extremely high interest and hidden provisions that charge borrowers added fees.
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The state of New York is considering regulating online lenders after lawmakers found that there was «significant potential for unscrupulous online lenders to exploit consumers through predatory practices such as unusually high interest rates, lack of disclosure of hidden fees, and unclear loan terms.»
Many consider a payday loan as «predatory,» meaning it is meant to make money for the lender, not actually help the borrower.
Oportun loans might be worth considering for people who have little to no credit and don't want to get suckered into predatory payday loan - type schemes.
The payday loan is a controversial topic in banking and financial circles, with increasing regulation and pressure to protect consumers against what may be considered to be predatory lending practices.
Payday loans are considered one of the most predatory in the business since they exploit lower income workers who have a hard time making ends meet with oppressive interest rates that send them further into financial trouble.
Payday loans are considered one of the most predatory in the business since they exploit lower income workers who have a hard time making ends meet with oppressive interest rates that send them further into financial trouble.
It's evident that you look at all hard money lending from the perspective of residential lending, based on credit scores, and consider hard money loans to be predatory.