4 Dirty Secrets of Alleged Installment Loans

4 Dirty Secrets of Alleged Installment Loans

There’s been a great deal of chatter in regards to the danger of payday advances recently, but “safer” installment loans could be in the same way dangerous, a brand new report states.

There’s been a whole lot of chatter concerning the danger of pay day loans recently, prompted by a unique report through the customer Financial Protection Bureau that called them “a long-lasting, costly financial obligation burden.” But there’s another, fast-growing group of tiny, short-term loans pitched mostly to low-income People in america — and also the unbanked in particular — that may be just like dangerous. Continue reading “4 Dirty Secrets of Alleged Installment Loans”