Do you think you are a victim of an abusive loan?

Some lenders take advantage of borrowers by making loans that are too expensive, or have abusive terms such as not letting you pay them off without a big penalty. Many times the worst loans are made by people who come to you and offer you money without your asking for it. Take a look at HOME's brochure on what to look for and if you think you may be a victim of an abusive loan, call HOME now! HOME can help you determine if you have an abusive loan, may be able to help you refinance that loan, and if you are falling behind on your payments, may be able to help you avoid losing your home.

There are a lot of honest, good lenders. But there are also dishonest lenders who take advantage of people with money or credit troubles. They offer you a loan that sounds really good, but has hidden fees, bad rates, or other tricks that can cost you everything. Because such lenders prey on people, abusive loans are frequently called predatory loans. Predatory loans come in many forms - such as a first mortgage on a house, a refinancing or an equity line, or a payday or car title loan.

HOME works with victims of abusive or predatory lending practices to help them avoid having the equity stripped from their homes.

For more help, email help@phonehome.org or call (804) 354-0641. Mention that you need to speak to someone about abusive loans.

Read more in HOME's Abusive Lending Brochure.