What is consumer lending?

Answer Consumer lending refers to loans made to an individual for household and family purposes rather than business usage. Consumer lending includes buying goods and services that will be used or consume... Read More »

Top Q&A For: What is consumer lending

Consumer Laws on Predatory Lending?

The credit crunch of 2007 hit everyone hard. However, those that were victims of predatory lending were hit even harder. Predatory lending resulted in people having credit that they couldn't afford... Read More »

Can a participant in a game show be called a consumer under the consumer protection act of India bearing in mind the decision laid down in society of catalysts v. star plus?

What is prime lending?

Prime lending is made by a bank to its largest and best customers at the prime interest rate. This rate is the lowest short-term rate available. The prime rate is usually the same for all banks.Cre... Read More »

What is subprime lending?

Subprime lending is a mortgage loan option that's available to high-risk borrowers who have either bad credit scores or a high risk of default. Lenders tend to charge higher interest rates to these... Read More »