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What is predatory lending?

Predatory lending occurs when a lender uses unfair or deceptive practices to convince a borrower to take out a loan they may not be able to afford. This can lead to the borrower taking on too much debt, which can put them at risk of defaulting on the loan and losing their home. Predatory lenders may also charge high fees and interest rates, which can make it difficult for the borrower to pay off the loan.