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Predatory financing is defined by the FDIC since the act of «imposing unjust and loan that is abusive on borrowers» in addition to loans are disadvantageous to borrowers.

Abusive Lending Methods and Foreclosure Defense Lenders use aggressive mail, phone, television as well as other forms of marketing with claims of loans to obtain out of financial obligation, or an interest that is false price on a mortgage, fast cash till the second paycheck will come in, or other types of luring in uneducated […]