Roczne archiwa: 2025

Abstract This article means the outcome out of a keen exploratory examination of predatory financial lending. The fresh new motives would be to gain wisdom into outstanding properties away from subjects away from predatory mortgage financing and choose the best form away from sufferer cover in order to book Extension operate to coach people. A dozen home loan-lending professionals have been interviewed within the-depth. They identified informative perform by Extension instructors or other nonprofit organizations because better and more than active manner of reducing the losings due to predatory financial credit. Data results may help Extension teams pick target visitors and also the strongest educational actions towards predatory financial credit methods.

Introduction

The economic safeguards of American families receives enhanced and you can requisite appeal throughout the Cooperative Extension System. Zero classification, from rural ranch household in order to metropolitan hold minorities, are protected the fresh complexity from the present financial globe. Unfortunately, low-income, fraction, and ageing properties, those who normally minimum pay for they, consistently experiment with perimeter financial services such as pawnshops, have a look at cashers, rent-to-very own accessories, vehicle subprime capital, and you may second level credit cards, it is therefore difficult for them to achieve long-title monetary stability. (więcej…)