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Welcome to the Avoiding Predatory Lending Website Predatory Lending is dishonest lending. Predatory loans harm borrowers by making it difficult or impossible for them to keep up with payments. Borrowers may pay unnecessary fees and excessive interest charges. If they miss their payments, they risk losing their home. Borrowers who do not meet minimum credit standards usually do pay higher interest rates, but no one should be a victim of price gouging and outrageous fees. Seattle/King County Coalition for Responsible Lending is committed to:
This web site offers information and materials to homeowners, housing professionals and others who would like to prevent predatory lending. |
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