Predatory loans are high-cost loans that are designed to trap borrowers in a cycle of debt. These loans often come with hidden fees, high interest rates, and other predatory terms that make it difficult for borrowers to repay the loan.
Tag: avoiding scams
Scammers will go to nefarious lengths to trick people out of money or sensitive information, which they might use to steal directly from their victims’ accounts. Sometimes these individuals assume a victim’s identity, spending their cash, taking out loans, and creating a tangled financial mess that can be difficult to unwind. The best way to avoid getting taken for a ride is to avoid the scam in the first place. But it’s hard to know what to look for with technology advancing and thieves becoming more creative. Look out for these three top ruses.
Bootstrapping a business refers to starting and growing a business without external investment or funding. This means that you will be using your own resources, such as personal savings, credit, and revenue generated from the business itself, to fund the startup and ongoing operations of the company.
Giving to charity can feel immensely rewarding. Yet, with so many legitimate organizations needing help, how can you ensure the charities you choose aren’t scams? Here are four tips to help you determine which organizations are legit.
NFTs offer an exciting new way to collect, trade, invest, and store digital information. Like all things digital, however, there’s always the risk of scams.