Neutron Bomb Loan

What is Neutron Bomb Loan?

1.

Any loan contract structured to place the borrower into a position where it is not possible to pay off the principle; a predatory lending contract or product designed to financially wipe out the borrower. Originated 2007 by Bill Purdy, a California lawyer representing homeowners with predatory lending claims.

An ARM (adjustable rate mortage), "interest-only", and a liar loan are examples of a neutron bomb loan.

See loan, finance, loan shark, lend, shyster
35

Random Words:

Muffstaph
1. Staph Infection (Staphylococcus aureus) of the vagina area. May cause rashes, boils, and stinky pussy. Justin: Hey you know that girl ..
Read more
Og
1. Original gangster someone who has been around, old school gangster 2. original gangster. Being, or being related to the stereotypical..
Read more
Lemme Hole
1. request to hold an object Lemme hole ya pencil while I take dis tess...
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free