Predatory lending

Predatory lending,

Definition of Predatory lending:

  1. Predatory lending includes any unscrupulous actions carried out by a lender to entice, induce, and assist a borrower in taking a loan that they otherwise are unable to pay back reasonably. In many cases, a predatory loan is often one that carries high fees, a high-interest rate, strips the borrower of equity, or places the borrower in a lower credit-rated loan to the benefit of the lender. As with most things of a dishonest nature, new and different predatory lending schemes frequently arise.

  2. As the name implies, predatory lending typically preys on those who are desperate for a loan, or otherwise naive enough to fall prey to some of these confusing or seemingly simple tactics. Predatory lenders take advantage of these people. For example, a common predatory lender is a loan shark, someone who loans money at extremely high interest rates and can even threaten violence to collect on their debts. While loan sharks are relatively unregulated (and can be tied to other organized crime groups), other more established institutions including mortgage brokers, attorneys, or real estate contractors can also practice predatory lending schemes.

  3. Using multiple shady lending methods to dupe and benefit from unsuspecting borrowers.

How to use Predatory lending in a sentence?

  1. Predatory lending is the practice of a lender employing unscrupulous tactics to entice, induce, and assist a borrower in taking a loan that they otherwise are unable to pay back reasonably.
  2. Many predatory loans have high interest rates, high fees, and are designed to strip the borrower of equity. They typically target poor or less educated populations who may unexpectedly fall into their traps.
  3. Predatory loans should not be confused with redlining, which restricts certain services to individuals based on race, ethnicity, or their area of residence.

Meaning of Predatory lending & Predatory lending Definition

Predatory Lending,

Predatory Lending: What is the Meaning of Predatory Lending?

  • Predatory Lending definition is: It is often illegal to take out loans from people your lenders know they cannot pay, such as low-income homeowners who risk losing a home used as a suicide loan.

Literal Meanings of Predatory Lending

Predatory:

Meanings of Predatory:
  1. Animals or animal references or labels that naturally attack other people.

  2. I try to take advantage of other people or put pressure on them.

Sentences of Predatory
  1. Birds of prey

  2. Hunters biographies and lives destroyed by yellow journalists

Synonyms of Predatory

rapacious, greedy, acquisitive, carnivorous, exploitative, raptorial, predacious, vulturine, avaricious, wolfish, ravening, hunting

Lending:

Meanings of Lending:
  1. The process of allowing an individual or organization to use any money under the agreement will pay for it later.

Predatory Lending,

Predatory Lending:

  1. The definition of Predatory Lending is: It is common to lend to someone whose lender knows they cannot repay the loan. B. Low-income consumers may later lose the money they used to secure loans.

Literal Meanings of Predatory Lending

Predatory:

Meanings of Predatory:
  1. (Animals) attacking others naturally.

  2. Trying to discover others

Sentences of Predatory
  1. Predatory shark species

  2. A new law has been passed to take action against poachers.

Synonyms of Predatory

of prey, vulturous, raptatorial

Lending:

Meanings of Lending:
  1. A law that allows a person or organization to use money under a contract so that it can be paid later.

  2. Use (something) on ​​the assumption that it will be returned.

  3. Contribute or Add (Quality)

  4. Adjust or adjust

Sentences of Lending
  1. Negligent loans weaken the balance sheet.

  2. Stewart asked me to lend him my car.

  3. Her smile gives her face a childish charm.

  4. John leaned hard into her fragrant throat.

Synonyms of Lending

supply, provide, accord, bring, impart, give someone the loan of, confer, let someone use, give, contribute, advance, loan, furnish, add, sub, donate, offer, let someone have the use of, bestow, grant, afford