Check nearby libraries
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
The proverbial American dream of owning a home has become an all-too-real nightmare for a growing number of families. The most vulnerable segments of our society--including minorities, the elderly, and working families--are being victimized by financiers who lure them into commitments they cannot fulfill. Collectively known as predatory lending, these practices include offering higher interest rates than can be justified by the risk, high pre-payment penalties that lock families into exploitative loans, and monstrous balloon payments that often result in default and the loss of the home. The net result can be disastrous: damage to one's credit rating, bankruptcy, and even the loss of lifelong savings.
Why the Poor Pay More is an incisive exposure of these practices: how they have evolved, why they have become so prevalent in recent years, and how their negative effects can be quantified. It features in-depth analysis from prominent scholars, legal experts, and community leaders, who shed new light on the social, political, and economic consequences of predatory lending. Why the Poor Pay More is much more than an indictment of these insidious discriminatory practices. It is a call to arms for anyone concerned about how the financial-political system can be corrupted to serve the needs of the wealthy. Highlighting community initiatives already underway to combat predatory lending and an extensive listing of practical resources, Why the Poor Pay More outlines active roles that individuals, advocacy groups, financial and legal service providers, and policymakers can play in reversing this destructive trend.
Check nearby libraries
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Previews available in: English
Showing 1 featured edition. View all 1 editions?
Edition | Availability |
---|---|
1
Why the Poor Pay More: How to Stop Predatory Lending
October 30, 2004, Praeger Publishers
Hardcover
in English
027598186X 9780275981860
|
aaaa
Libraries near you:
WorldCat
|
Book Details
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?History
- Created April 30, 2008
- 16 revisions
Wikipedia citation
×CloseCopy and paste this code into your Wikipedia page. Need help?
January 15, 2023 | Edited by ImportBot | import existing book |
December 30, 2022 | Edited by MARC Bot | import existing book |
September 16, 2021 | Edited by ImportBot | import existing book |
May 8, 2021 | Edited by ImportBot | import existing book |
April 30, 2008 | Created by an anonymous user | Imported from amazon.com record |