Show-Me Predatory Lending: Where Does the Money Go?
Poverty at Issue Research Report, January 2012

Predatory lending is the practice of charging excessive fees for loans or payment agreements that are not in a consumer’s best interest, often using targeted, aggressive tactics and false claims, or failing to disclose all terms and costs up front.

A few basic signs help you recognize when a lender is using predatory practices. These are some red flags that should make a consumer wary:

If you have experienced any of these signs, you might be dealing with a predatory lender. Please look through this Web site for more information on predatory lending practices, ways to avoid becoming a victim of predatory lending, and resources and information on the predatory lending business.

Test your knowledge regarding lending policies in Missouri to prevent a creditor from taking advantage of you:

The content on this website may become outdated at any time due to the dynamic regulatory and legal context of poverty policies. Please check with appropriate sources or agencies for any changes in policies and research.