predatory loan terms

Predatory loan terms involve unfair or deceptive lending practices that exploit borrowers, often through excessive fees, high interest rates, or confusing agreements. These loans may target individuals with limited financial options, making repayment difficult and leading to a cycle of debt or loss of assets like homes. Common features include hidden costs, aggressive collection tactics, and terms that favor the lender over the borrower's ability to repay. The goal of such practices is to profit at the expense of the borrower's financial well-being, often resulting in long-term financial harm.