2019年10月31日 • 4分钟
If you’re in the market for a loan, you are probably aware that some products are better than others. 然而, 有些贷款的条款很差, 费用, and interest rates that they are considered predatory.
Predatory lending is pushing unreasonably expensive purchase loans or refinancing. You can avoid 掠夺性贷款 by knowing which loans fall into this category, and by taking steps to qualify for a higher quality product. If you ever have questions about a loan – whether it’s one of ours or someone else’s – 拜访分支机构 和我们谈谈. 你也可以在线聊天 平衡 – consultations with them are free for Patelco members.
There’s some common 红旗 for 掠夺性贷款. 注意那些贷款人:
A primary defense against 掠夺性贷款 is to become an informed consumer. 仔细阅读所有合同, paying close attention to interest rates and what can happen if you miss or are late on a payment. Look out for misleading marketing and high-pressure sales techniques too. Though these loans may be advertised as a way out of financial trouble, getting them often leads to higher and more expensive debt.
It is very important to know your financial limits, especially with 抵押贷款. You may not only lose a lot of money, but also your home if you fall behind on your payments. Never let someone talk you into taking out more than you can comfortably handle.
Building a positive credit history is also key. You can do this by paying all your debt obligations on time, reducing balances on credit cards and personal loans, not closing accounts that you have had for a long time, 避免过多的信贷申请, and having a mix of credit accounts (such as credit cards, 签帐卡, 和分期贷款). Once you’ve proven you can borrow responsibly, you increase your chances of being eligible for loans with low interest rates and excellent terms.
There are other types of 掠夺性贷款 as well, and they are promoted to people with no or damaged credit who need money for emergencies. These loans come with exceptionally high interest rates and can feature terms that make repayment difficult:
What to do if you suspect 掠夺性贷款
If you believe that a lender unlawfully changed the contract, 误导你, 增加了你不同意的产品, or persuaded you to accept a loan that had worse terms than you qualified for, you can contact your state’s attorney general’s office as well as the Consumer Financial Protection Bureau at consumerfinance.政府 or 855.411.2372.
Source: Broadridge Financial Solutions, accessed July 31, 2019.
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