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: lending
What are the Do’s and Dont’s of lending to family or friends?
Lending money to family or friends can be a delicate and complex issue, and it’s important to approach it carefully to avoid damaging your relationship.