Sentences with phrase «predatory lenders know»

Not exact matches

Predatory lenders count on borrowers not having the time or know - how to understand their contracts.

Unfortunately, predatory lenders and unscrupulous individuals have been known to prey on the weak and vulnerable.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» proclaimed FHA Commissioner David Stevens.

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.

If you live in Missouri, you'll want to know not only what's available to you, but how to keep from being victimized by a scammer or predatory lender.Below are lenders -LSB-...]

Part of knowing how to protect yourself from predatory or unscrupulous lenders as a Delaware borrower is understanding how lenders are licensed.

By contrast, college graduates forced to turn to bankruptcy will send a strong signal to predatory lenders: stop funding worthless educations, it's no longer a good business model.

«Lenders should know by now that FHA will not tolerate fraudulent or predatory lending practices,» said FHA Commissioner David Stevens.

While those dealers aren't necessarily predatory lenders, they are luring in customers that they know will have trouble finding loans elsewhere.

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

These lenders have legitimate lending platforms, they also run predatory practices and fail to comply with laws on a grand scale, yes, they get burned and it's a cost of doing business, when you're that big we all know how that goes.

«The way we avoid predatory lenders is to work with people we know.»

Consumer advocates define as «predatory» any transaction in which debt is extended for terms and conditions that the lender knows are inappropriate, either because the client could qualify for a better product or because the client isn't prepared to assume debt under any terms.