concept

high-cost credit

Also known as: predatory loans

Facts (11)

Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association Oct 25, 2021 11 facts
claimTypes of unsecured debt include student loans, medical debt, credit card debt, high-cost credit, legal financial obligations, and child support debt.
claimHigh-cost credit, often referred to as "predatory" due to very high interest rates, includes payday loans, pawn shops, rent-to-own services, tax refund anticipation loans, and auto title loans.
claimSpecific forms of debt, including student loans, medical debt, credit cards, high-cost credit (such as payday loans), legal financial obligations, and child support debt, are predictors of poor health in addition to overall levels of unsecured debt.
claimSpecific forms of debt, including student loans, medical debt, credit cards, high-cost credit (such as payday loans), legal financial obligations (LFOs), and child support debt, are predictors of poor health.
claimHigh-cost credit, often referred to as predatory loans, includes payday loans, pawn shops, rent-to-own services, tax refund anticipation loans, and auto title loans, and is characterized by very high interest rates.
claimHigh-cost credit, often referred to as "predatory" due to very high interest rates, consists of risky, typically unsecured loans used by many Americans.
claimSpecific forms of debt, including student loans, medical debt, credit cards, high-cost credit (such as payday loans), legal financial obligations, and child support debt, are predictors of poor health.
claimTypes of unsecured debt include student loans, medical debt, credit card debt, high-cost credit, legal financial obligations, and child support debt.
claimTypes of unsecured debt include student loans, medical debt, credit card debt, high-cost credit, legal financial obligations, and child support debt.
claimTypes of unsecured debt include student loans, medical debt, credit card debt, high-cost credit, legal financial obligations, and child support debt.
claimHigh-cost credit, often referred to as 'predatory' due to very high interest rates, includes payday loans, pawn shops, rent-to-own services, tax refund anticipation loans, and auto title loans.