Khan Academy | Predatory lending | Loans and debt | Financial Literacy | Khan Academy @khanacademy | Uploaded August 2024 | Updated October 2024, 6 days ago.
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now!
khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:loans-and-debt/xa6995ea67a8e9fdd:borrowing-money/v/predatory-lending

Predatory lending is when lenders use unfair tactics like very high-interest rates or hidden costs to take advantage of borrowers, especially those who really need a loan and have few other options. This can trap people in a cycle of debt, making it very hard for them to get out.

Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help!

Donate or volunteer today! Donate here: khanacademy.org/donate?utm_source=youtube&utm_medium=desc

Volunteer here: khanacademy.org/contribute?utm_source=youtube&utm_medium=desc