{"id":10494,"date":"2024-07-31T11:07:44","date_gmt":"2024-07-31T05:37:44","guid":{"rendered":"https:\/\/singledebt.in\/forum\/forums\/topic\/what-is-irresponsible-lending\/"},"modified":"2024-07-31T11:07:44","modified_gmt":"2024-07-31T05:37:44","slug":"what-is-irresponsible-lending","status":"publish","type":"topic","link":"https:\/\/singledebt.in\/forum\/forums\/topic\/what-is-irresponsible-lending\/","title":{"rendered":"What is irresponsible lending?"},"content":{"rendered":"<div class=\"content\" style=\"box-sizing: border-box;\">\n<div class=\"content\" style=\"box-sizing: border-box;\">\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem;\"><span style=\"color: #4c5267; font-family: Roboto, sans-serif;\"><span style=\"letter-spacing: 0.15px;\">Irresponsible lending occurs when lenders provide loans without adequately assessing the borrower\u2019s ability to repay, often leading to financial distress. This includes offering loans with high-interest rates, hidden fees, or to individuals with poor credit histories without proper checks. Such practices can result in increased defaults, financial instability for borrowers, forcing the borrower into a debt trap and there can be potential regulatory consequences for lenders.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n","protected":false},"featured_media":0,"template":"","class_list":["post-10494","topic","type-topic","status-publish","hentry","no-post-thumbnail"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"ama_350x245":false,"ama_60x61":false,"ama_70x70":false,"forumax_20x20":false,"forumax_32x32":false,"forumax_60x60":false,"1536x1536":false,"2048x2048":false,"ama_370x360":false,"ama_375x220":false,"ama_770x400":false,"ama_370x220":false,"ama_370x236":false,"ama_370x200":false,"ama_670x450":false,"ama_210x200":false,"ama_18x18":false,"ama_20x20":false},"uagb_author_info":{"display_name":"Debtfreeindia","author_link":"https:\/\/singledebt.in\/forum\/author\/"},"uagb_comment_info":0,"uagb_excerpt":"Irresponsible lending occurs when lenders provide loans without adequately assessing the borrower\u2019s ability to repay, often leading to financial distress. This includes offering loans with high-interest rates, hidden fees, or to individuals with poor credit histories without proper checks. Such practices can result in increased defaults, financial instability for borrowers, forcing the borrower into a&hellip;","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/topics\/10494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/topics"}],"about":[{"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/types\/topic"}],"version-history":[{"count":1,"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/topics\/10494\/revisions"}],"predecessor-version":[{"id":10637,"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/topics\/10494\/revisions\/10637"}],"wp:attachment":[{"href":"https:\/\/singledebt.in\/forum\/wp-json\/wp\/v2\/media?parent=10494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}