Common signs of a predatory loan include extremely high interest rates or fees, often significantly above market rates. You might also notice high-pressure sales tactics urging you to sign quickly, vague or unclear loan terms, frequent offers to refinance your loan (loan flipping), and requirements like a confession of judgment, which is illegal in New Jersey for most business transactions. If a lender promises approval regardless of your credit (“No Credit? No Problem!”) that can also be a red flag.