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.
