Borrowing While Bad. Upcoming legislation will not fix the problem that is underlying of loans
Upcoming legislation will not fix the problem that is underlying of loans: too little use of credit
Lenny Ignelzi / AP
Industry for quick, little loans is certainly insufficient. Because banking institutions would prefer to lend $50,000 than $500, and have a tendency to require strong credit records to borrow at all, your options for families which are down and away, or even a bit behind on the bills, are restricted. That’s where lenders that are payday in. The high interest rates […]