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Predatory Lending
Essay specific features
Written by:
Mary M
Date added:
December 13, 2012
Level:
University
Grade:
A
No of pages / words:
5 / 1179
Was viewed:
5188 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...
displayed 300 characters
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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 300 characters
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