Predatory loans are consumer loans geared to low income Americans who are hard up for cash.

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Predatory loans are marketed to customers who really do not have loan that is legitimate, and whom fundamentally ramp up having a predatory loan with impractical paydown terms, sky-high rates of interest, and mounting costs and penalty-based costs. Predatory loans, by and large, put up borrowers for failure. They not merely come with dramatically greater rates of interest than regular …