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Settlements For Victims Of Predatory Lending
| Predatory lending practices are fast becoming a threat to the society. Thousands of borrowers are getting trapped and becoming victims of predatory loans. |
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As a result, they are facing the risk of bankruptcy and home foreclosure. Predatory lending can be defined as an unscrupulous practice of providing loans to customers at unreasonable terms. There are different types of predatory loans used by mortgage lenders. Some of these include cash-out refinance, balloon loans and successive refinancing of 2/28 loans. More... |
How To Prosecute Mortgage Fraud ?
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Unlawful methods or actions that are used with the intention of obtaining a mortgage loan are collectively termed as mortgage fraud. In case of a mortgage fraud, individuals try to misrepresent information on a loan application so as to defraud a financial institution.More... |
What Is Payday Loan Fraud ?
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A payday loan is a short-term, cash advance loan provided to borrowers at an exorbitant interest rate. These loans are intended to cover the expenses of the borrower till his/her next payday check, which is usually a two week term.More... |
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