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Predatory lending is defined by the FDIC because the act of “imposing unjust and abusive loan terms on borrowers” and also the loans are disadvantageous to borrowers.

Predatory lending is defined by the FDIC because the act of “imposing unjust and abusive loan terms on borrowers” and also the loans are disadvantageous to borrowers.

Abusive Lending Methods and Foreclosure Defense

Lenders use aggressive mail, phone, television along with other kinds of marketing with claims of loans to leave of financial obligation, or a false interest home loan price on a mortgage, fast cash till the second paycheck is available in, or any other types of luring in uneducated or unsuspecting borrowers. Maggiori informazioni

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