Sentences with phrase «prevent high interest rate loans»

Many states have laws to prevent high interest rate loans and control predatory lending, but, unfortunately, it still happens.

Many states have laws preventing high interest rate loans.

Not exact matches

In January, the CFPB charged the company with cheating borrowers out of billions of dollars by placing obstacles in place that prevented borrowers from paying back loans, resulting in higher interest rates and balances.

Shopping around for the best loan is an important step to prevent paying excessive fees and high interest rates.

Consumer Financial Protection Bureau regulates huge payday loan industry and tries to prevent low income customers from using high interest rate lending products and getting to the debt circle.

Millions of people now have damaged or even ruined credit due to circumstances beyond their control, making it nearly impossible for them to get a credit card, a car loan that doesn't carry an astronomically high interest rate, and can even prevent them from winning a job or an apartment lease.

No matter what the cause, these errors can result in a higher interest rate, or prevent you from getting a loan at all.

As I've said a million times, it is better if you can pay the seller every month instead of getting a loan from a bank or lending institution that usually has a higher interest rate and a higher monthly payment which prevents the investor from making even a meager monthly cash flow.