MSNBC Loan Wolves June 4, 2024 03:14:00
In the industry that attempt to cloud what the actual picture looks like. - the lenders become very creative in how they can inflate a loan. - what they do is, they give you the teaser rate to start. it's artificially low. - that's right. college lenders are using the classic "first one's free" move, used on everything from streaming services to cocaine-- or so i'm told. but that's not the only trick up their sleeve. - it's a lot of fine print. it's overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you don't notice. - if you end up defaulting, your wage...