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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Predatory Lending Costs Totals

The Coalition for Responsible Lending estimated an annual cost to U.S. borrowers of $9.1 billion, including $2.1 billion for credit insurance, $1.8 billion for up-front fees, $2.3 billion for prepayment penalties and $2.9 billion for excess interest rates over what borrowers should be charged based on their credit histories.
        Categories:  Finances,Predatory Lending
        Reporting Pub:  The New York Times Online
        Reporting Date:  7/25/2001
        Article Title:  High-Cost Home Loans Estimated
        Article Author:  Associated Press
        Pub's Source: 
        Source URL: 
 

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