Bankrate Warns COVID-19 Is Breeding Predatory Lenders
News

Bankrate Warns COVID-19 Is Breeding Predatory Lenders

May 12, 2020
by
Navi Persaud

The practice of predatory lending can often times rear its head during instances of crisis, such as the COVID-19 pandemic we currently face. Predatory lending is defined as any unfair practice that inhibits the borrower's ability to repay their loan and only benefits the lender. A new report from Bankrate serves as a warning for borrowers and includes the signs to be wary of when taking out a mortgage.

Click here to read more about predatory lending practices on the rise during COVID-19.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
Bankrate Warns COVID-19 Is Breeding Predatory Lenders
May 12, 2020 12:44 PM
by
Navi Persaud
News

The practice of predatory lending can often times rear its head during instances of crisis, such as the COVID-19 pandemic we currently face. Predatory lending is defined as any unfair practice that inhibits the borrower's ability to repay their loan and only benefits the lender. A new report from Bankrate serves as a warning for borrowers and includes the signs to be wary of when taking out a mortgage.

Click here to read more about predatory lending practices on the rise during COVID-19.

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