What are some of the way unethical business practices impact on the borrower?

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1108485

2026-03-14 11:10

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Unethical business practices can significantly harm borrowers by leading to inflated interest rates, hidden fees, and predatory lending practices that exacerbate their financial struggles. These practices often result in borrowers taking on more debt than they can handle, leading to a cycle of financial instability and stress. Additionally, unethical behavior can damage borrowers' credit scores, making it more difficult for them to secure favorable loans in the future. Ultimately, these practices undermine trust in the financial system and can have long-lasting negative effects on borrowers' economic well-being.

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