4 Dirty Secrets of Alleged Installment Loans

4 Dirty Secrets of Alleged Installment Loans

There’s been a great deal of chatter concerning the threat of payday advances recently, but “safer” installment loans are in the same way dangerous, a brand new report claims.

There’s been a whole lot of chatter in regards to the danger of payday advances recently, prompted by a fresh report through the customer Financial Protection Bureau that called them “a long-lasting, high priced financial obligation burden.” But there’s another, fast-growing group of little, short-term loans pitched mostly to low-income People in america — and also the unbanked in particular — that may be in the same way dangerous. Continue reading “4 Dirty Secrets of Alleged Installment Loans”