Understanding Predatory Lending And What To Do About It

Predatory lending and mortgage fraud are frighteningly common and must be stopped. A lending practice is considered to be abusive if it places homeowners in financial hardship or if it strips away their properties’ equity. In many cases, predatory brokers will lie on mortgage documents, including application forms. This is classed as fraud against the… Read More »

14 Best Ways to Avoid Financial Fraud (Updated)

There are many forms of financial fraud that you should keep a look out for. Common financial fraud involves writing phony checks. And other forms involve complex types of financial fraudulent activities. And still others feature investment fraud. Whichever type of fraud hits you, it can turn your finances upside down. But with enough foresight… Read More »

Financial Institution Complaints: America’s Biggest Gripes with Banks

Better than stashing money underneath a mattress and hoping your house doesn’t burn down, banks offer consumers a way of protecting their financial assets in addition to a bevy of other services, from credit cards to mortgages and even investment portfolio management. However, while this sounds nice, it’s not always a great relationship between the… Read More »

Top 5 Types of Reverse Mortgage Scams

Reverse mortgages are lending constructions designed specifically for elderly people. Essentially, these allow seniors to convert their home’s equity into income, so that they have more to live on than just their social security and personal pensions. However, reverse mortgages can be incredibly risky, and a number of scams already exist, with more appearing regularly.… Read More »

8 Signs Of Predatory Lending To Be Aware Of

Some lenders engage in practices that are known as ‘predatory lending’. This means that they are fraudulent, deceptive and/or unfair in their behavior. There is no real legal definition of the practice, but there are laws to protect consumers from it. It is unfortunate that some people continue to fall victim to these types of… Read More »