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What are some ways lenders might take advantage of low-income consumers?
Wiki User
∙ 13y ago
BY charging monthly fees for small accounts, not paying any interest or very low interest on savings in small accounts and steering them toward high fee & interest loans.
Wiki User
∙ 13y ago
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Is it possible to get a payday loan without a debit card?
you only need checking account Other lenders might also require you to have a full time job and have direct deposit set up. It varies with lenders.
What do you call investors or moneymen?
Investors and money men are called financiers. They might also be called backers, bankers, capitalists, lenders, shareholders, stockholders, and venture capitalists.
Is it safe to borrow money from private hard money lenders?
It might be safe depending on who you go to but not always. Hard money lenders tend to charge outrageous fees and interest rates, so if you can find one who is reliable it may be a good idea if you can't get a standard loan from a bank or another financial institution.
Where might one learn more about 'Buy to Let' remortgages?
Information on buy-to-let remortgages is widely available in the news, including articles from the Telegraph and Guardian. The best place to find out about buy-to-let remortgage programs is through lenders, with Lloyds TSB, Virgin Money, and other direct lenders offering information on their programs via their web pages.
If you have bad credit what kind of interest rates do lenders charge?
If a person has a bad credit rating, lenders typically charge a higher rate than they would charge a person with a better rating. For example, if a person with 840+ credit got a rate a 4% for 100k over 30 years, a person with about a 650 rating might be offered a rate at 5% or higher.
Of what benefit to consumers is a firm's competitive advantage?
Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.
How might the purchase decisions of consumers impact a market economy?
By buying some products, but not others, consumers might determine what is produced.
Explain why a niche company might have an advantage in a market Would price necessarily be an advantage Explain why or why not?
Explain why a niche company might have an advantage in a market would price necessarily be an advantage explain why or why not
What is your advantage to other applicant?
Many people might consider their charm an advantage over other applicants. Others might consider their organizational skills to be an advantage.
What is the purpose of residential lenders?
Residential lenders provide mortgage loans to people purchasing homes. Residential lenders are an important part of making home ownership possible because they provide loans to people who might not have the cash upfront to pay for a home outright.
How might consumers benefit from the use of superconducting materials?
by providing consumers and workers with jobs and new technology methods
Is it possible to get a payday loan without a debit card?
you only need checking account Other lenders might also require you to have a full time job and have direct deposit set up. It varies with lenders.
What is the advantage of perfume?
you might smell good
Is a goldfish a consumer producer or a decomposer?
I think a goldfish is a consumer because if the other fish's are consumers then goldfish are fish they might be consumers.
Is the goldfish a consumer producer or a decomposer?
I think a goldfish is a consumer because if the other fish's are consumers then goldfish are fish they might be consumers.
Is a goldfish a consumer decomposer or a producer?
I think a goldfish is a consumer because if the other fish's are consumers then goldfish are fish they might be consumers.
How might one finance a car if you have an adverse credit rating?
There are a number of lenders that specialize in auto loans for individuals with lower credit ratings. Some of these lenders can be found online at TitleMax, Nationwide Auto Lending, and Cars Direct.
