Expert Answers » Predatory Lending
Predatory Lending Glossary Definition (English)
Subprime lender Defined
The following is in context to Predatory Lending, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A lender that charges a finance rate that is higher than the "prime" rate offered by conventional lenders. Typically, it is a lender who approves loans for individuals who may have poor credit history or no credit history, or who have other characteristics (e.g. high LTV, property type, job) that justify a higher rate."
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Expert Dictionary: Subprime lender
