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:

Outtie
1. A word to replace "I'm leaving" or "I'm going to go". 'Ey yo, my momma's callin', I'm..
Read more
Scappoose
1. A town located in Oregon between Linnton and St. Helens, is about 45 miles away from Portland, Oregon. Is known for it being quite small..
Read more
Dj,dj~
See punk, tim armstrong, rancid, operation ivy, transplants 5. there are alot of wrong definitions on here, so I thought I'd add my s..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free