Why You Should Avoid Subprime Lenders

With the financial markets in crisis and the cost of homes plummeting, the subprime loan options that were responsible for this crash in the first place are becoming less common. But there are still lenders offering these risky loans, and this article will convince you to avoid what may seem like an offer too good to refuse, especially if you are having trouble finding a traditional loan. Here are three reasons why you should avoid subprime lenders!

High Interest Rates

The most obvious reason to avoid subprime loans is the high interest rate that comes with them. In most cases, ...

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