Predatory Lending

Predatory Lending

commonly used in timeshare sales

"Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan that a borrower doesn't need, doesn't want or can't afford.

Predatory lenders typically target minorities, the poor, the elderly and the less educated. They also prey on people who need immediate cash for emergencies such as paying medical bills making a home repair or car payment. These lenders also target borrowers with credit problems or people who recently lost their jobs. This could disqualify them from conventional loans or lines of credit, even though they have substantial equity in their homes."

www.debt.org

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At Linx Legal we offer the option to help you get out of a contract you may have entered under false pretenses including malicious sales tactics with excessive interest rates by linking you with the proper law firm and/or company that best suits your situation. We take the risk out of your hands by backing these law firms/companies with a 100% money back guarantee by Linx Legal Inc. Fill out our predatory lending questionnaire above to see if you qualify for our services.


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