Predatory Lending
Predatory lending is designed to set borrowers up with loans they can not repay. The loans often steal equity from the home and include terms that lead to foreclosure and bankruptcy. Brokers and lenders often use subprime loan pricing.
If you feel you have been a victim of one of these tactics, or want to learn more, call ESOP at 216-361-0718 or email esop@esop-cleveland.org.
Learn more about the warning signs of a predatory loan.