Study Suggests High Fuel Costs Hurt
Predatory lending terms, particularly prepayment penalties and balloon payments, significantly raise subprime borrowers’ risks of losing their home, according to new research. According to Household - HSBC Watch, when predatory lenders quote false low monthly payments such terms break the family budget when higher payments must be made.
Visitors to Household - HSBC Watch can get a copy of “The History of Predatory Lending” from the downloads section of the website.
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