Predatory Lenders/Disabled and Low Income People

Submitted by goodnatured on Sun, 11/04/2007 - 14:41

Has anyone seen a trend in predatory lenders getting disabled folks and others with low income involved in refinancing their homes at a varible rate? The rate then increases to where they can't afford it and they end up losing their homes, some of these homes have been in their families for years. I have a few friends that are in this situation now and I am really annoyed by it.

HI good natured. Just a piece of advice. While posting in the forum, please put these kind of topics in the credit repair section. This is not an announcement or pub thread :). Hope you understand.

Mon, 11/05/2007 - 10:41 Permalink

sorry I will take note of that, did not realize that I posted it in this section. Thanks for pointing that out to me.

Mon, 11/05/2007 - 11:26 Permalink