0
Read all of the loan contract/ agreement. Make sure you understand what it means. Don't just ask the salesperson what it means-- take a copy home and look up the words and phrases you don't understand. Ask somebody else to review it, and go with you to business where you intend to get this loan.
Suppose you know everything there is to know about how this loan is supposed to work and what happens if you can't pay it back. Then there's just one more question to answer.
If you can't afford to live without this loan NOW, what's going to be different in the near future when you have to start making those payments on it? Where will you get this 'extra money' that you don't have now, after the loan money is spent and your regular income from your normal job is not enough?
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does the government think about equity loans for bad credit?
The government does not necessarily have a particular viewpoint on loans for consumers. However, the government has passed several laws to protect consumers, including those with bad credit, from predatory lending practices.
Is there a place on the internet where I can print out information on the dangers of payday loans?
Payday loans come under the heading of "predatory lending." There are interesting articles at http://www.texpirg.org/financial-privacy-security/predatory-lending AND www.responsiblelending.org/consumers/ You can go to . The article advices on the dangers of payday loans.
What are some companies that offer personal loans without requiring collateral?
Some banks will make signature loans to established customers. There are loans available from "predatory lenders," requiring APRs in excess of 30%. Payday loans are a good example of predatory lending. Other lenders requiring no collateral are moneynowusa.com AND www.rebuild.org/loans.html Capital One bank offers no hassle personal loans. You can also try a company called New Horizon and Money Now USA.
What is the meaning of predatory lending?
Predatory leading is the unfair, deceptive or fraudulent of some lenders during the loan origination process. Typically occurs on loans backed by some kind of collateral, such as a car or house.
What is the structural adaptation of a rhinoceros?
its horn because they help it protect its self?there horns. there horns protect them self from wild animals or predatory
Where can one learn more on loans with bad credit ratings?
Fox Business has a good article on their website about obtaining loans when you have a bad credit rating. It explains what steps you should take to protect yourself and get a good deal when applying for such a loan.
Is there anyone in Raleigh, NC that will make bad credit payday loans?
Bad credit is inherent in "payday loans." These are predatory lenders, relying on the lack of fiscal and economic savvy on the part of the desperate borrower. People with good credit do not take "payday loans." Go to: payday-loans-raleigh.com
What to do to protect yourself?
you protect yourself by saying you have something bad--for kidnap
What do you have to protect yourself from in a haboob?
You could stay indoors to protect yourself.
How do you you protect yourself from a crocodile?
uhmm to protect yourself from a crocodile is to... GET AWAY FROM IT?!
How can you protect yourself from marijuana?
how can you protect yourself as therapist from inappropriate behaviourhide
How can you protect yourself from UV light on earth?
You can protect yourself. You have to wear sunscreen.
