Posted on: 29th Nov, 2009 09:14 pm
My original loan was through country wide and I have to admit I did not use good judgement to take the loan but was cohearsed into it with the old line keep it for a year or two and we will give you a better interest rate. So is there any way to find out if this was a predatory loan? What can I do about it if it was.
hi glh,
what makes you think the loan you have taken is a predatory loan? what do the terms of the loan agreement say? are you not satisfied with the interest rate they are offering? have you tried refinancing the existing loan with a new loan at a better rate? the current interest rates are quite low. if there is equity in the property, you should look to refinance the loan at a lower interest rate.
what makes you think the loan you have taken is a predatory loan? what do the terms of the loan agreement say? are you not satisfied with the interest rate they are offering? have you tried refinancing the existing loan with a new loan at a better rate? the current interest rates are quite low. if there is equity in the property, you should look to refinance the loan at a lower interest rate.