Legal Aid is attacking ‘predatory’ lenders - 2004-03-19
Predatory lenders could probably make the claim to being the true practitioners of the world’s oldest profession, going back to the time consumers traded in tusks.
Predatory mortgage lenders tend to target the elderly more than any other group, she said.
“The elderly aren’t thinking about (taking out a new mortgage) until they’re approached,” said Drysdale. “A big part of predatory lending is the aggressive marketing.
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