Victims of Predatory Lending

Victims of Predatory Lending

Some groups of people installment loans in connecticut are particularly likely targets for predatory lenders although predatory loans can affect anyone. They consist of:

  • Subprime Borrowers. Subprime borrowers are the ones with dismal credit scores – typically lower than 630 – and incomes that are low. As noted above, predatory loan providers often deliberately follow these borrowers so that they can charge them greater interest.
  • Low-Income Families. Low-income families often find yourself having to pay more for loans no matter if their credit is great.

    Leer másVictims of Predatory Lending