Everyone thinks they are too smart to be taken advantage of but the history of lending in the United states is replete with scams and semi-legal methods that take advantage of consumers needing to borrow.
"Even when credit risk is controlled, Blacks were 3.9 times more likely than whites to receive subprime loans, while Latinos were 2.6 times more likely."
"Knowing what’s a good deal and what’s not with personal loans is challenging. Predatory lending takes advantage of this by offering tempting deals that wind up being too good to be true. So it’s essential to know what to look for to avoid becoming a victim."
"This guide will provide you with practical tips for avoiding predatory lenders and advice to protect yourself from their various schemes."
Deed Street Capital offers a simple online guide to help consumers avoid predatory lenders. The guide includes the following topics:
- How to spot predatory lenders
- The various types of predatory lending
- How to fight back against predatory lending practices
Check out the guide at: https://deedstreetcapital.com/avoiding-predatory-lending/
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