the.com/predatory lending
a loan designed to be repaid forever, not paid off.
means lending that traps borrowers with deceptive terms, hidden fees, or unaffordable rates because the lender profits more from default than repayment.
from the term surged in the 1990s subprime boom, when lenders realized refinancing fees beat actual repayment as a business model.
warning signloan approved despite obvious inability to repay
favorite targetelderly homeowners and first-time buyers
2008 connectionsubprime mortgages were predatory lending at scale
legal loopholetechnically legal if disclosed in fine print