Sentences with phrase «desperate borrowers»

Generally, these scam artists charge desperate borrowers a fee for their «services,» and afterwards, they disappear without doing anything at all.

In this intense and haunting story, a loan shark living an isolated and lonely existence uses brutality to threaten and collect paybacks from desperate borrowers for his moneylender boss.

In addition to creating better options for borrowers to access their loan options, policy makers and the companies that enable these types of ads (e.g. social media and credit bureaus) need to find a way keep scammers from targeting desperate borrowers.

Student loan debt scam companies prey on desperate borrowers, selling free government services as their own and over-promising debt relief like forgiveness and settlement.

As much as two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligations.

In states where payday lending is legal, many desperate borrowers run to the Payday lender, because of the easy requirements and quick cash.

Predatory lenders look for desperate borrowers who have exhausted other options, know little about loans, and charge these borrowers high interest and fees.

No, subprime lenders who have such high risk tolerance do it because they can charge desperate borrowers just about any amount of fees they like in exchange for those two little words, «You're approved.»

Realizing this, several scams have emerged that target desperate borrowers.

As these lenders are compelled to become increasingly selective about who is approved for home loans, desperate borrowers will seek mortgages from unregulated firms that aren't required to take out federal mortgage insurance.

Joseph characterizes the capital in this corner of the shadow banking system as «flighty» — so - called mom - and - pop investors attracted by the combination of rising home prices, flat interest rates and the opportunity to offer short - term non-amortized mortgages at 5 %, often at loan - to - value ratios exceeding 95 %, to desperate borrowers.

These are gimmicks meant to attract gullible and desperate borrowers.

Searching for Relief: Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry, June 2013

Searching for Relief: Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry highlights numerous problems with the new and growing student loan «debt relief» industry, including:

It's a practice that works all too well on the desperate borrower.

It's rare to see a desperate borrower resort to a life of crime to make their payments, but many would understand the motivation to get ahead on payments.

NCLC highlighted concerns about the student «debt relief» industry in its 2013 report Searching for Relief: Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry.

The report is titled «SEARCHING FOR RELIEF: Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry.»