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Preferred term

predatory lending  

Definition

  • Predatory lending is a form of subprime lending resulting from discriminatory, fraudulent, or high-pressure practices on the part of institutions that provide loans to individual consumers. Predatory lending is not isolated to the mortgage market—it may occur in consumer lending of various sorts, including but not limited to payday loans, tax refund loans, auto title pawning, rent-to-owning, student loans, debt consolidation loans, and reverse mortgages. [Source: Encyclopedia of White-Collar and Corporate Crime; Predatory Lending]

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https://concepts.sagepub.com/social-science/concept/predatory_lending

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