Before the housing collapse in the U.S. in the early 2000s, subprime loans were offered to people with low credit histories, unsteady employment, and/or low incomes who would not normally be qualified for a loan of that size.

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Subprime loans were designed to offer loans to people who would not normally be qualified for them due to financial factors such as low credit scores, unstable employment history, and low income. This was a contributing factor to the housing collapse in the early 2000s.

Before the Housing Collapse in the U