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Lesson 8: Avoiding Credit Traps & Predatory Lending
🎥 Watch the lesson video below. The quiz will unlock once 95% of the video has been watched.
📘 Read What You’ll Learn Before Watching The Lesson
Some lenders don’t play fair. Predatory lending targets people in need — offering quick cash with hidden costs and sky-high interest. This module helps you recognize these traps, avoid unfair terms, and protect your financial health.
You’ll learn to read the fine print, understand annual percentage rates (APR), and recognize red flags in offers that promise “instant approval” or “no credit check.” Smart borrowers ask questions, compare offers, and never sign what they don’t understand.
- Identify common types of credit traps and scams.
- Understand the warning signs of predatory loans.
- Learn how to protect your credit and report unethical lenders.
🔒 The quiz will unlock once 95% of the video has been watched.