Overcoming the Shame of Predatory Lending

Posted: 06/29/2009 by Debt Warriors! in Predatory lending
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Woman with anxiety

Millions of Americans may be victims of Predatory Lending

Are You A Victim of Predatory Lending?

If you have debt, I hate to tell you this but,  you might be a victim of Predatory Lending.  I found a bunch of what I call “Credit Predators” (aka Predatory Lenders).

Predatory Lending, has been in full swing since 2000, after the Commodity Futures Modernization Act (CFMA) passed.  After the CFMA, Millions of Americans had been sold (SCAMMED) into  all sorts of financial flavors of the month.

For example; Adjustable Rate Mortgages, Auto Dealer Trade-In’s,  and Promotional Rates on credit cards.

Have You Been Trapped in Debt by Credit Predators!

  • Auto Loans: Tricks like; Addendum Stickers,  “Kicking the Trade,” Stealing The Trade”.
  • Adjustable Rate Mortgages on home-loans,  Refinancing,  Predatory Lending.
  • Credit Card Traps like;  Promotional Adjustable Rate Credit Cards, Personal Credit Lines, Cash Advances.

You Don’t Have To Suffer From Financial  Shame

Before I started Debt Warriors, a bunch of  my Clients had made some financial mistakes, but most of them were hard-working people who had lost a their job and were terrified.  They didn’t know what to do to stop the rising debt, endless collection phone calls, and fearing what may come in the mail.

For one reason or another it seemed all of my clients felt huge amounts of  shame about their financial situation.

Many of my clients already had “Delinquent” accounts.  For some reason or another, these clients had missed more than one payment and watched in fear as their debt skyrocketed.  I won’t exhaust you by telling you all of the Credit Report horror stories that I helped my clients overcome.

Most of my Client’s were terrified. They didn’t know what to do. Debt Collectors harassed them day and night.  Many of my client’s were shackled to debt like debt slaves.  I heard stories from Michigan to Florida, and New York to California.

My other client’s had been in the hospital.  When they returned home these clients found an abundance of unopened late notices  from Creditors and Debt Collectors.  These clients were trying to get over an illness or injury and were being terrorized by “Debt Terrorist”.

You must understand, you may have made some financial mistakes, but it’s more likely that you were sold Credit, possibly by predatory means. But it’s up to you on how to outsmart your debt.  You can do it if you understand your Rights and the Processes of Credit and Debt Management.

You may be a victim of Predatory Lending, but the reality is that you are in the best position to determine how to get out from under the shame and the threats that your debt has caused you.

Our goal at Debt Warriors is to show you how you can outsmart and defeat Predatory Lending yourself.

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