Sentences with phrase «offer predatory loans»

While non-profit, mission - drive CDFIs are certified and reliable, some alternative lenders offer predatory loans that can be damaging to small businesses, so proceed with caution and only use reputable sources.

In addition to the concern about lenders» strong incentives to offer predatory loans, they argue that such «teaser» payment loans have the risk of boosting housing bubbles as they are popular with both borrowers and lenders, who expect housing prices to continue to rise during bubbles.

Not exact matches

Ms. McLean announced that the government is working with credit unions to offer short - term loans as an alternative to predatory loans.

Another warning sign of predatory lending is offering a loan that doesn't require a credit check.

If free funds, like scholarships and grants, and federal student loans aren't enough to pay for your education, IHMVCU offers an alternative to predatory private student loans.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

It is a common practice among predatory mortgage lenders to deceive customers by offering low monthly payments and concealing additional costs, rates, and fees on the small print of the loan contract.

For consumers in Delaware, it's critical to understand not only how to get a loan, or who offers them, but also how to protect yourself from predatory lenders and scams — and what to do if you think you've been a victim.

We do not offer payday loans on our websites as we believe that they are predatory and can cause a snowball effect where consumers who take them out push themselves further and further into debt that they can not pay off.

Often, predatory loan companies will target down - on - their - luck consumers with offers that boast high loan amounts — and sneak high interest rates into the fine print.

Many felt it was merely predatory lending, offering risky mortgage programs at unreasonable costs, often pushing under - qualified borrowers into poorly explained loan programs such as option - arms and interest - only home loans, leaving them with mountains of debt.

Some lenders offer their loans at favorable APR's while you can also come across others with predatory APR's.

Club Money shed the predatory titles and approach of most short - term payday lenders and instead offers fair loans to customers who have damaged credit.

As a person learns the ins and outs of adulthood, predatory credit offers, impulse shopping, student loans, and all - around poor decision - making can take a collective toll on a credit score.

The company is an alternative to predatory lenders who offer payday loans and cash advances at outrageously high interest rates and on very short terms.