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.
Not exact matches
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.
Lenders offer high rates because they know that
borrowers who tap into their line are
desperate for money.
Borrowers,
desperate to have cash - in - hand
for whatever reason, eagerly jump on payday loans without fully understanding the risks and repayment policies.
Searching
for Relief:
Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry, June 2013
Some you stay away from (I
for instance, run away from anybody who seems
desperate and say «need money» «please help me or else» kind of thing), but most
borrowers seem to have good credit background.
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:
Generally, these scam artists charge
desperate borrowers a fee
for their «services,» and afterwards, they disappear without doing anything at all.
Options such as debt consolidation, income - based repayment plans and public service loan forgiveness are available to ease the strain, but
borrowers either aren't aware of them or have become
desperate in their search
for a way out.
The report is titled «SEARCHING
FOR RELIEF:
Desperate Borrowers and the Growing Student Loan «Debt Relief» Industry.»
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.»
Too many applications also tell the credit bureaus who oversee your credit report that you're an at - risk
borrower desperate for funding.
However, because these
borrowers may be
desperate for a loan, the non-conforming loan market makes it easy
for unscrupulous «predatory» lenders to deceptively convince
borrowers to agree to unfair and abusive loan terms.