steve dustcircle ⍻ · @dustcircle
264 followers · 8586 posts · Server masto.ai
Shades · @shades
344 followers · 490 posts · Server kolektiva.social

by in @theprospect:

"Predatory loans rely on an information advantage. Lenders know how to manipulate the terms of the loan to keep the customer borrowing more and more. They can bury the most important provisions in financial jargon, leaving the borrower unaware of what they are getting into. Often, people are desperate, seemingly out of options, and willing to accept pretty much anything. That enables the remarkably high interest rates, hidden fees, and constant rollovers into new loans accruing more interest that can trap people in a web of financial stress."

prospect.org/economy/2023-06-0

#ramendacyrus #predatoryloans #loans #lenders #hiddenfees #debt #racism

Last updated 1 year ago

John Gordon · @jgordon
150 followers · 1388 posts · Server appdot.net

AirBnb is now showing me the “full price” for listings including hidden fees.

Maybe they lost a lawsuit but this is a good thing.

#hiddenfees

Last updated 2 years ago