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"Loan Flipping"

A TVI Smart Money News Analyst

Federal agencies defines "loan flipping" as those lenders that tend to make high-cost loans to predictable borrowers they know will not or can't afford to pay back the loan -- so the lender or title insurer can seize the borrower's house or in some cases requiring the borrower to refinance a loan repeatedly to charge higher fees. The modern-day deregulated lender uses deceptive fees and late charges to entice borrowers to default on their loans.
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LEARN ABOUT "Loan Flipping" - Federal agencies defines "loan flipping" as those lenders that tend to make high-cost loans to predictable borrowers they know will not or can't afford to pay back the loan -- so the lender or title insurer can seize the borrower's house or in some cases requiring the borrower to refinance a loan repeatedly to charge higher fees.
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  • PARITATE Bank
  • 4, Terbatas Street
  • Riga LV-1134
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  •  
  •  
  •  
  • Opening fee in the amount of USD 85 should be paid at this time. It covers first year
  • service fee and shipping & handling. Payment can be made by wire transfer,
  • check/money order or VISA/MasterCard credit card. Please do not use any other
  • methods of paying the opening fees.
  •  
  • After you submit an online application form and get a tracking number it is required to
  • send over to the bank via facsimile: your valid passport or driver license. Please
  • remember to include your above tracking number. Our dedicated fax line number is:
  • +(371) 704-1316.
  •  
  • Upon receipt of the submited application form and a fee payment Paritate Bank will
  • send you Maestro card and account agreements for your signature. Your new card
  • account will be fully activated as soon as these items are received in good order by
  • the Bank.
  •  
  • But remember that you have only 90 days from the date of account reservation to put
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  • instrument which among other things enables you to access Paritate accounts round
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