Loan Modification Programs

Predatory lending is one fashion of abuse in the granting of loans. It usually involves granting a loan in classification to put the borrower in a locale that one can gain advantage over him or her. Where the moneylender is not authorised, it could be considered a loan shark.

Because the loans are guaranteed by the full faith of the US Government, they Loan Modification Programs are offered at a lower curiosity estimate than the borrower would otherwise be able to get for a private loan. On the other hand, there are strict eligibility requirements and borrowing limits on Stafford loans.