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5 Smart Credit Moves for College Students ByJim Wang, Contributor|July 23, 2012, at 9:30 a.m.Years ago, when I first started college, I signed up for a Citi credit card because it offered 1 percent
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Educate yourself about what predatory lending is and the signs to look out for, such as high interest rates, hidden fees, and aggressive sales tactics.
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Compare offers from multiple lenders to ensure you are getting the best terms possible and avoid falling prey to predatory practices.
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Predatory lending is a practice where lenders use deceptive tactics to take advantage of borrowers, often by charging high interest rates and fees.
Lenders and financial institutions are required to file reports on predatory lending practices.
To fill out a report on predatory lending, lenders must provide detailed information about their loan terms, fees, and interest rates.
The purpose of filing reports on predatory lending is to identify and crack down on practices that harm consumers.
Information such as loan terms, interest rates, fees, and borrower demographics must be reported on predatory lending.
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