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Steinlaw, Attorney
Category: Legal
Satisfied Customers: 1811
Experience:  8+ years as an insurance adjuster, 7+ years as a personal injury and consumer law attorney
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What determines if you are a victim of predatory lending

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What determines if you are a victim of predatory lending ?
Submitted: 7 years ago.
Category: Legal
Expert:  Steinlaw replied 7 years ago.
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Steinlaw :

There are a lot of factors. Generally, it is a question of the interest rate in relationship to your credit score (high interest rate alone is not enough but a high interest rate with good credit is), along with a calculation of your payment to your income (if the ratio is over about 40% it is thought to be a predatory loan).

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