Sentences with phrase «desperate borrowers who»

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

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.

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.

That's 17 % of student borrowers who are desperate and may never dig their way out.

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.