This seminar helps consumers and small businesses identify predatory lending practices and the ways they can have a devastating effect on finances.

Predatory lending typically means imposing unfair, deceptive, or abusive loan terms on borrowers. In many cases, these loans carry high fees and interest rates, strip the borrower of equity, or place a creditworthy borrower in a lower credit-rate (and more expensive) loan, all to the lender’s benefit.

Consumers don’t have to accept predatory loans. The Memphis CDFI Network shares alternatives to payday loans.

Visit our website: https://memphiscdfi.org/