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What are predatory lenders?

Updated: 9/17/2019
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How can you avoid predatory lenders?

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Can I get a payday loan if my SSI payments are direct deposited?

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What is the meaning of predatory lending?

Predatory leading is the unfair, deceptive or fraudulent of some lenders during the loan origination process. Typically occurs on loans backed by some kind of collateral, such as a car or house.


How can one find trusted residential lenders?

This is tricky because a lot of residential lenders can be predatory. A good way to weed out the predatory lender is to ask questions. Ask them what each fee means and any other questions about the application. Any lender who wants to help you can explain everything in detail without hesitation. Be sure to trust your instinct, too.


What does mcCain think about the gov spending?

He loves government spending. He voted "yes" to the 700 BILLION dollar entitlement to predatory lenders, the biggest government giveaway in history.


What are some companies that offer personal loans without requiring collateral?

Some banks will make signature loans to established customers. There are loans available from "predatory lenders," requiring APRs in excess of 30%. Payday loans are a good example of predatory lending. Other lenders requiring no collateral are moneynowusa.com AND www.rebuild.org/loans.html Capital One bank offers no hassle personal loans. You can also try a company called New Horizon and Money Now USA.


Who are some of the companies in Detroit that would be considered bad credit lenders?

Detroit has been ravaged by pedatory lenders who have taken advantage of applicants with poor credit scores by offering subprime loans. This has applied to the auto sales market as much as the housing market, where lenders like ETCH, Accredited, American Guardian, and Banker's Express have are known to have engaged in predatory lending. QuickenLoans is based in Detroit. They offer loans to people with poor credit.


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