Here are a few ideas to avoid predatory loan providers.
If you own a home it is likely to be your greatest single asset if I pledge my home as security for a consumer loan, what dangers do I face. Regrettably, you have in your house, you are putting your most valuable asset at risk if you agree to a loan that is based on the equity which. You need to be careful because specific abusive or exploitive lenders (Commonly called Predatory Lenders) target property owners (specially the senior, minorities, low earnings individuals and people with dismal credit ranks). Continue reading “What’s Predatory Residence Lending? Predatory Lending is illegal.”