Sentences with phrase «many 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.

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 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.

These are gimmicks meant to attract gullible and desperate borrowers.

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

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.

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

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.

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.

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.»

Not exact matches

The products reflect a basic fact: Many low - income borrowers are desperate enough to accept any terms.

Lenders offer high rates because they know that borrowers who tap into their line are desperate for money.

To be fair I think many borrowers are so desperate or just incompetent they don't understand the terms.

Borrowers, desperate to have cash - in - hand for whatever reason, eagerly jump on payday loans without fully understanding the risks and repayment policies.

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.

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.

Loans, mortgages, credit card debts can lead to a financial crisis when borrowers feel desperate and don't know what to do.

Long story short, there are plenty of illegitimate «solutions» offered to vulnerable and desperate student loan borrowers that simply aim to scam someone out of their money.

Borrowers in many rural areas are in desperate need of affordable modular home loan programs.

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.