Predatory loans by Paige McInnes https://padlet.com/pixiefireflies/vcrb0bwd6ij0 Made with Paige McInnes en-us 2018-02-27 17:15:44 UTC 2018-02-27 17:42:01 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Soccerball.png Predatory loans pixiefireflies https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236013533 2018-02-27 17:16:50 UTC https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236013533 Define pixiefireflies https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236013701 occurs when lenders uses deceptive tactics to trick borrowers into accepting a loan that provides a great benefit to the lender but could potentially ruin the borrower financially. Consumers with poor credit and the elderly are common targets for predatory lenders. If you believe that you’ve been the victim of a predatory lending scheme, you may seek legal recourse. 

]]> 2018-02-27 17:17:04 UTC https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236013701 Examples pixiefireflies https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236024002 >Emphasizing the payment
>Balloon loans
>Packing
>Excessive points and fees
> Large mortgage broker payment 

]]> 2018-02-27 17:32:24 UTC https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236024002 Avoid pixiefireflies https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236025610
  • Stay away from loans offered through door-to-door sales or telemarketing calls.
  • Beware of loan offers made by construction companies in conjunction with construction services.


    • ]]>     2018-02-27 17:34:49 UTC https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236025610     What to do when you become a victim of Predatory loans? pixiefireflies https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236030128 Enact Your Right of Rescission
    Sue the Lender 
    Refinance Secured Loans
    ]]>     2018-02-27 17:40:43 UTC https://padlet.com/pixiefireflies/vcrb0bwd6ij0/wish/236030128