Predatory Lending

Predatory lending is an unethical practice in which lenders exploit borrowers, often with limited financial knowledge, through excessive interest rates or hidden fees. Frequently employed in payday loan schemes or deceptive mortgage situations, this strategy primarily benefits the lender, often yielding sizable profits at the financial detriment of the borrower. It's a manipulative approach to lending that can lead to severe economic hardship for those ensnared.

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