Financial watchdog groups have raised concerns about predatory lenders taking advantage of low-income Americans in need of quick cash as soaring inflation squeezes consumers.

So, what is a predatory loan?

Predatory lending imposes unfair or abusive loan terms on borrowers, including triple-digit interest rates and narrow time windows for repayment.

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Some say, taking a loan is forced saving. You may encounter people who have all the financial commodities, but anyway, will take a loan in case of an emergency instead of wasting their savings. There is great logic there.

So, you suddenly decided to renovate the house? Or want to

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We’ve all been in circumstances where we require a little additional cash. Personal loans might assist you in smoothing out your finances and getting you through a difficult period. Personal loans range from a few hundred dollars to thousands of dollars, depending on the lender.

You typically have one to

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  • Crypto-backed loans are secured loans that use digital assets like bitcoin as collateral.   
  • You won’t have to undergo a credit check to qualify for a crypto-backed loan. 
  • Crypto-backed loans may also distribute funds almost instantly, unlike traditional lenders.
  • Read more of Personal Finance Insider’s loan coverage here.

Cryptocurrency has become

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The Reserve Bank of India on Monday releases a consultative document on the regulation of microfinance institutions and proposed a uniform regulatory framework for the microfinance sector, wherein MFIs can provide collateral-free loans to households at board-determined interest rates. 

Microfinance is a form of financial service which provides small loans

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