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Online Installment Loans Colorado No Credit Check

Victims of Predatory Lending

Although predatory loans make a difference anyone, some categories of individuals are specially most likely goals for predatory lenders. They consist of:

  • Subprime Borrowers. Subprime borrowers are the ones with dismal credit scores – typically lower than 630 – and low incomes. As noted above, predatory loan providers often deliberately follow these borrowers to allow them to charge them greater interest.
  • Low-Income Families.