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Resolvly Explains How Predatory Lenders Are Making Money Off Rising Gas and Food Prices

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Resolvly Explains How Predatory Lenders Are Making Money Off Rising Gas and Food Prices

As the prices for necessities like gas and food continue to rise, predatory lenders are taking advantage of struggling people by charging outrageous interest rates and fees. Don’t let them entrap you — there are ways to protect yourself from predatory lenders. Learn how to identify them, what to do if you’re contacted by one, and how Resolvly can help if you’re struggling with high-interest debt.

What Are Predatory Lenders?

Predatory lenders offer loans at extremely high-interest rates, often without regard for the borrower’s ability to repay the loan. They’re typically more interested in making money off late fees and penalties than helping you get ahead.

How Can I Spot a Predatory Lender?

There are a few key things to watch out for if you think a lender might be predatory:

High-Interest Rates

Many predatory lenders charge exorbitant interest rates, sometimes upwards of 400%. If a lender is offering you a loan with an interest rate that seems too good to be true, it probably is. What is the Commodity Futures Trade Commission?

Lack of Transparency

A good lender will be upfront about all of the charges associated with a loan. If a lender is being vague or refusing to answer your questions, that’s a red flag.

Pressure to Borrow

A lender should never pressure you into borrowing more money than you need or can afford to repay. If a lender is pushing you to take out a larger loan than you’re comfortable with, that’s a sign that they’re not looking out for your best interests.

Inflexible Repayment Terms

A great lender will work with you to create a repayment plan that fits your budget. On the other hand, a predatory lender might have inflexible terms that make it difficult or impossible for you to repay the loan.

The Effects of Predatory Lending on the Economy

While predatory lenders might seem like they’re just taking advantage of desperate people, their actions can have a ripple effect on the economy. People defaulting on their loans can lead to higher interest rates and stricter lending standards for everyone.

This makes it harder for people to get loans for things like cars and homes. Predatory lending can also create a cycle of debt that’s difficult to break free from.

What Should I Do If a Predatory Lender Contacts Me?

If a predatory lender contacts you, saying no is best. Please don’t give them any personal information or agree to anything. You might also want to report them to your state’s attorney general or consumer protection agency.

How Can Resolvly Help?

If you’re struggling with high-interest debt, Resolvly can help. Resolvly LLC is a Florida Bar-approved company that helps individuals countrywide connect with consumer protection lawyers. If you’re struggling with high-interest debt, call us today or visit our website to see how we can help you. We offer free, no-obligation consultations to use our services.

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Lifestyle

Gordon Ramsay and his fitness routine as a celebrity chef

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Gordon Ramsay

A chef is usually pictured as being overweight, due to the nature of the job. Having to constantly taste food to understand it, can’t be good for your health. But with celebrity chef Gordon Ramsay, it doesn’t show at all. This thanks to a fitness routine and healthy diet. Ramsay lost an incredible 50lbs, and he looks better than ever. His routine consists more of endurance training rather than lifting heavy weights, and he routinely trains with cycling when he’s travelling. If he’s not travelling, he makes sure to get his workouts in at his home gym (working out with Will Usher, former army captain and member of the Royal Protection Squad!).

“The more I train, the more normal I am, the more I feel that I’m still unchanged” said Ramsay in regards to his diet and training routine, which he believes keeps him feeling young and healthy.

Moreover, Gordon came out with a new cookbook called “Gordon Ramsay’s Ultimate Food: Mouth-Watering Recipes to Fuel You for Life”, which is full of healthy meals for the fitness enthusiast.

Gordon doesn’t follow a specific diet or have a dietician, but he swears by certain rules for his eating habits. One of these is cutting down on dairy, which he believes makes you feel sluggish. Almond milk is his replacement, which mixes in with a smoothie consisting of berries yoghurt. He also believes in drinking a couple glasses of water before you eat a meal, which he says doesn’t fill you up but it does stop you from eating excessively.

It’s plain to see that Gordon Ramsay is in great shape, and it is evident in his body even at his age of 53. It is important to take care of your health, even if you are a celebrity chef who can create delicious meals at any time.

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Lifestyle

Daily habits of Mark Wahlberg to use in your own life

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Mark Wahlberg

Mark Wahlberg is commonly on the big screens, and is obviously a healthy and fit guy just by looking at him. So it comes as no surprise that he has a rigorous daily routine and habits that keep him scheduled, disciplined and in shape.

It also helps him deal with his busy lifestyle as a movie star, producer and model.

Here are some of the daily habits Mark Wahlberg has that you could use to benefit your own life.

Early morning workouts

It’s obvious that Mark Wahlberg works out, but how about a 5am workout?

Wahlberg rises early at 4am to start his day with a scheduled breakfast, then a 5am workout. After training intensely at the gym, he’s drinking a shake at 6:30, then dropping the kids to school at 7:30 and eating at the same time. He says by 9am, he’s been to church and eaten again.

Discipline is everything

This isn’t surprising either, considering how disciplined he would have to be to continue his above schedule every morning. For Wahlberg, the discipline in his fitness, career and faith is how he keeps his life together. He continually strives for more and more, and he believes since he started acting he is much more disciplined, in contrast to when he was doing music.

He is always hustling

Wahlberg is always working towards the next big thing, and following his mantra of hustle harder. This started from his past when he was hustling in the music industry, to going in front of the camera and hustling within the movie industry where he enjoys his success of today.

Mark Wahlberg is a very disciplined person who follows habits almost religiously to do with fitness, faith and career. He believes it’s this discipline and drive that has made and kept him successful.

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Lifestyle

Christian Bale’s physical transformations for movies – from skinny to huge

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Christian Bale

Christian Bale is responsible for some of the most drastic physical transformations shown on the big screen. From very skinny in “The Machinist” to huge playing The Batman in “The Dark Knight”, Bale’s physicality range knows no bounds. A dedicated actor in his art, Bale commits all the way for his roles and continuously delivers in both his on screen performance as well as his on screen appearance.

These are some of Christian Bale’s physical transformations on the big screen.

The Machinist

Four months prior to the production of “The Machinist”, Bale started to lose weight for this role. Starting at 180 pounds, Bale dropped an unbelievable 60 pounds to look extremely skinny. His diet during this time included one coffee, an apple and water. He also chain smoked cigarettes and drank whiskey to further lose weight. His dedication is revealed on the screen, with Bale looking scraggly and dangerously skinny.

Batman Begins/The Dark Knight

Bale put on 100 pounds for his role as The Batman, doing so in an unbelievable 6 months from his end of role in “The Machinist”. He used a typical workout body part split to focus on different muscle groups on different days. The effect is noticeable, The Batman looking large and intimidating on screen.

American Hustle

This role required Bale to pack on the weight again, but this time not through working out. He ate cheeseburgers, donuts and whatever else he could get his hands on for two months in order to get to 200 pounds, and visibly fatter. The effect is obvious on screen, with Bale sporting a belly and obviously looking much rounder when compared to “The Dark Knight”.

Christian Bale is a master of physical transformations, and he commits to his roles. From ridiculously skinny, to ripped and muscled, to fat and overweight, Bale can and will do it for a worthwhile movie role.

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