Tag Archives: subprime

Abusive Lending Practices Can Lead To Negative Long-Term Consequences For Borrowers, Communities

by Ashlee Kieler, Consumerist

If a borrower has one abusive loan, they may be more likely to struggle with their other debts. This can lead to stressed household finances, more subprime borrowing, and even default. Those stresses then have a way of trickling into other aspects of a consumer’s life, and even their community. Read More ›