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Sub-Prime Lender
(redirected from Sub-Prime Lenders)

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Sub-Prime Lender
A bank or other financial institution that makes loans at interest rates higher than most other loans. Subprime loans are made to borrowers who do not qualify for ordinary loans because of bad credit history or some other reason. There is a higher risk of default on subprime loans. Their prevalence was a significant factor in the 2008 credit crunch. See also: Subprime mortgage.

Sub-Prime Lender

A lender who specializes in lending to sub-prime borrowers.



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Our aim is to ensure that no-one in Knowsley should be getting ripped off by sub-prime lenders or loan sharks.
Housing charity Shelter say many sub-prime lenders have refused to join governmentled schemes to avoid repossessions and will now start calling in bad debts.
Sub-prime lenders in the UK have left the market or are not lending at all because they haven't the funds.
 
 
 
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