What does "Making Easy credit rip-off " mean?

It sounds to me like a sort of con game in which the lender extends unsecured credit, and then rips off the customer with the fine print.

AvangiIt sounds to me like a sort of con game in which the lender extends unsecured credit, and then rips off the customer with the fine print.

Many thanks, Avangi
I got it all except the below thing. Would you advise?
"with the fine print " means "using the parts of a written agreement or legal contract that are printed in very sm

Right.
Often people who are desperate are not in a mood to study the details. They may commit to payments the lender knows they can't afford. So they end up losing their property or collateral.

It isn't always a con. Many lending institutions offer easy credit to desperate people with poor credit ratings, however these companies charge an incredible amount of interest, thus the term, "Easy credit rip-off."

I take your point, but predatory lending practices often involve deception, and a "rip-off" often involves a con.
The ethical thing would be to not extend credit to people who have no chance of making the payments.
(I suppose it depends on how you define "rip-off.")

I see your side completely, but I was trying to make the point that "easy credit in itself is a rip-off, because it always involves a high interest rate, regardless of any other practice.

Cynthia3754I see your side completely

Likewise.

Welcome to English Forums, Cynthia.

Thank you guys for polite ,useful answers.

Actually I asked before , right here :
http://www.EnglishForward.com/English/CouldReplaceAnotherWords/bdhqhr/post.htm

Plus they will charge a fee every 12 months some even charge 190.00 year fee. that is a rip off, They should be put in Jail some people are not all that smart some are just very poor and they see buying power for a very short time then they get in trouble. Easy credit rip off