You have probably heard the commercials on TV or the radio that offer products that say “No credit? No problem,” or, “No job? We can help you qualify for a loan.” The advertisers making these claims put you at great risk of losing your home if you can not make your payments. These claims are part of lending that takes advantage of consumers. The MemphisDEBT Collaborative defines a predatory loan as one that "intentionally uses misleading features and marketing tactics to create a debt that results in a negative impact on the consumer, neighborhood and the community." This section will share characteristics of predatory lending and give you tips to avoid this harmful trade.

What is Predatory Lending?

Warning Signs of Predatory Lenders

How to Protect Yourself from Predatory Lenders

Resources