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Home Equity Scams

Unscrupulous loan peddlers are known as predatory lenders because of their uncanny resemblance to vultures.
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Home Equity Scams
The best way to protect yourself against those who are is to be keenly aware of their tactics and always on the lookout for the red flags. Toey Andante/Shutterstock
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Homeowners beware. These days, home loan scam artists are lurking around every corner. They’re hungry, they’re determined, and they’re coming after your equity.

Unscrupulous loan peddlers are known as predatory lenders because of their uncanny resemblance to vultures. These loans encourage people to consolidate their debts and suggest this will prevent them from ever overspending and maxing out their credit cards again.

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Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2026 CREATORS.COM