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The loan industry incontrovertibly targets minorities. ACORN maintains African Americans and other minorities were, and still are, disproportionately targeted. They are burdened with significantly higher interest rates than their white counterparts, even when median income levels were comparable. The ramifications of predatory lending are families that are straddled with tremendous interest rates and significant debt. The end result seems to be foreclosure. Pursuing debt settlement and mortgage refinancing are viable defenses against the predators.
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Lawyers work in many fields of law from litigation to business law to bankruptcy law. Before you can become a lawyer you must attend college and obtain a bachelor’s degree. Your bachelor’s degree can be majored in any subject as well as pre-law.