predatory lending

Definition of "predatory lending"
  1. An unethical borrowing system where lenders take unfair advantage of borrowers, often especially vulnerable people, by providing high-cost loans they cannot afford based on the borrowers' assets, not their repayment ability
How to use "predatory lending" in a sentence
  1. Predatory lending targeted towards the elderly can lead to significant financial distress.
  2. The new regulations aim to protect consumers from predatory lending.
  3. Many homeowners faced foreclosure as a result of predatory lending practices.

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