Predatory Lending

Essay specific features

 

Issue:

Business

 

Written by:

Mary M

 

Date added:

December 13, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1179

 

Was viewed:

5010 times

 

Rating of current essay:

 
Essay content:

The problem has continued to get worse to the point where some lenders charge high interest rates to borrowers based on their race or national origin and not on their credit history. They outrageously charge fees for unnecessary or nonexistent products and services and even pressure borrowers to accept higher-risk loans such as balloon loans, and steep pre-payment penalties...
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They outrageously charge fees for unnecessary or nonexistent products and services and even pressure borrowers to accept higher-risk loans such as balloon loans, and steep pre-payment penalties. Some lenders shamelessly continue to use high pressure sales tactics to sell home improvements and then finance them at high interest rates...
displayed next 300 characters

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