Predatory lending is the word used when “money lenders employ unfair, deceptive or fraudulent techniques to persuade borrowers, generally those who are most in need of cash, into taking a loan from them”
Watch this Video to Know More About How to Successfully Avoid Predatory Lenders
Most reputable, regulated lenders won’t provide loans through door-to-door, mail, or phone solicitation. Whenever a deal sounds shady or too good to be true, follow your gut and walk away.
