Bakersfield, California, the lender warned consumers against predatory financing.
Dena Shortt said she has clients have their help to finance the house, they were the victims of less than honest lender.Customers - were, in general, obtaining a new loan or refinancing existing loans - including skilled professionals, were embarrassed they had been deceived.
Predatory Lending is a growing problem in Germany. It can happen to big or small, existing or newly established companies, said Shortt, president of Source Direct Lending Inc., a Bakersfield-based lender. Local, this is not an exception.
“If you believe something wrong or bad, it is probable,” said Shortt.Predatory Lending has increased in recent years, such as real estate continues to thrive, an influx of new agents and lenders have flooded the market, said Shortt. As with every profession, most of them are honest, but some are search for a quick Buck, what the cost to their customers.”She will try to use their means of livelihood for a loan,” she says.
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