Sentences with phrase «predatory loan terms»

Not exact matches

The state of New York is considering regulating online lenders after lawmakers found that there was «significant potential for unscrupulous online lenders to exploit consumers through predatory practices such as unusually high interest rates, lack of disclosure of hidden fees, and unclear loan terms.»

Creamfinance works in the short term loan industry, one that has been plagued by predatory companies and outdated business practices.

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

Based on their terms and predatory nature, guaranteed personal loans are essentially payday loans in disguise.

The investigation at the time found that the company was engaged in predatory lending practices and misrepresenting loan terms.

Bottom line: Payday loans are as predatory as they come with high interest rates, short terms and hidden fees.

Credit cards, payday loans and financing plans like the Brick's «Don't Pay a Cent Event» lend money at rates often starting near 20 per cent and have inflexible, even predatory terms.

This is a heated topic in consumer advocacy circles as usory lending is deemed to be predatory and takes advantage of people in desperate situations who need to obtain short term loans.

The accusations in the lawsuits include purposely misleading borrowers toward short - term forbearance or deferment instead of the more generous income - driven repayment plans, not keeping borrowers informed of critical income - driven repayment plan re-enrollment deadlines, and handing out subprime, predatory loans to students at schools with a less than 50 percent graduation rate.

And though the state does have strict lending regulations that prohibit outrageous interest rates, high lending fees, and other predatory lending practices, residents are encouraged to carefully research rates and loan terms prior to making any type of loan purchase.

Based on their terms and predatory nature, guaranteed personal loans are essentially payday loans in disguise.

Since home loans are backed by a borrower's real property, a predatory lender can profit not only from loan terms stacked in his or her favor, but also from the sale of a foreclosed home, if a borrower defaults.

That means high interest personal loans are out there, even ones with predatory interest rates and aggressive repayment terms.

This can also help you spot warning signs that a potential lender may not have the experience you need or may demonstrate predatory - lending behaviors — either of which can result in a loan that's poorly structured, with repayment terms that jeopardize your business's cash flow.

Private student loans for community college often contain more predatory lending terms, like penalties for early repayments.

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.

These usually fall under the category of predatory loans, and although they are easy to obtain and have short loan terms, they are difficult to pay back and escape.

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.

Even taking a short - term payday loan from a predatory lender or using a credit card will likely cost you less than taking 3 years to repay a loan at such a high interest rate.

While legitimate home equity loans can provide temporary relief for some borrowers, predatory lenders have discovered new ways to convince unsuspecting homeowners into giving up both cash and property in exchange for a short term cash infusion.

Get Smart With Loans - Arm yourself with lending knowledge — don't be the victim of predatory lending or unfair loan terms.

Opponents criticize the non-conforming sub-prime lending industry for predatory practices such as targeting borrowers who do not have the resources to meet the terms of their loans over the long term.

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.