Category Archives: Predatory Lending
Rent-to-Own Pays $11 Million Settlement to Benefit Consumers Harmed by Its Rental Practices
It is counterproductive, and sometimes downright insulting, when purveyors of personal finance advice say that you should never pay for anything in installments. Most of us simply do not have enough money sitting in our bank accounts to pay the full amount for a purchase that costs hundreds of dollars, and saving up over… Read More »
Pennsylvania Legislature Proposes Law That Would Prohibit Animal Breeders And Pet Stores From Issuing High Interest Loans To Buyers
Taking care of a pet costs money, but in many cases, the cost of Purina chow and vet visits is negligible compared to the happiness your furry friend brings into your life. It only takes a few minutes of Internet research to find organizations that will let you adopt an animal free of charge… Read More »
Beware Of Automatic Subscription Renewals
Every year, millions of people make New Year’s resolutions to improve their physical fitness, and many of these resolutions fizzle out quickly. Depending on the first move you make toward your fitness goals, abandoning them may or may not cause you a long-lasting financial setback. For example, if you stick to your goal of… Read More »
Beware Of Predatory Loans In Pennsylvania
New financial goals are among the most popular types of New Year’s resolutions. Whether your finances changed for the worse or for the better in 2021, your financial goals in 2022 may involve taking out some kind of loan. Perhaps you filed for bankruptcy last year and are trying to rebuild your credit, so… Read More »
Common Predatory Lending Practices
Predatory loans come in a number of different forms, but all have the potential to trap consumers in debilitating debt. Fortunately, consumers are protected from unfair, misleading, or deceptive lending practices, so if you were recently taken advantage of by an unscrupulous lender, it is important to contact an experienced Philadelphia predatory lending lawyer… Read More »
Holding Lenders Accountable for Loan Flipping
The term “predatory lending” covers a wide range of unfair and deceptive practices, but one of the most common schemes is known as loan flipping. Loan flipping occurs when a lender encourages a borrower to refinance a loan, which generates fees for the lender, but doesn’t actually help the borrower. Although a number of… Read More »
What is Predatory Lending?
Buying or refinancing a home is one of the most important financial decisions that a person can make. Unfortunately, many unscrupulous lenders take advantage of individuals who find themselves in this situation and who are unfamiliar with the complex process of buying or refinancing a home. Many of the practices used by these predatory… Read More »
What Is a Tax Sale of a Pennsylvania House?
All homeowners are familiar with property taxes because they are an unavoidable aspect of home ownership. Some homeowners chose to incorporate the cost of their property taxes into their mortgage payment and have the bank make the tax payment, while others prefer to make the annual payments themselves. However the payments are made, it… Read More »
Prepayment Penalties And Predatory Lending
Sometimes when a consumer takes out a loan to pay for a house, a car, or to pay for emergencies, it is with the plan to pay off the loan as fast as he possibly can. This may mean that the consumer plans to make several loan payments before they are due in what… Read More »
Mortgage Assistance Scams
Sometimes as homeowners try to dig themselves out of debt and avoid foreclosure, they seek the services of mortgage assistance companies or firms which advertise that they can help the homeowner. Unfortunately, as the homeowner soon discovers, these companies are out to take advantage of the homeowner and take whatever money they can before… Read More »
