Activists say payday loan providers exploit poor people, but better borrowing options are difficult to find

Activists say payday loan providers exploit poor people, but better borrowing options are difficult to find

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It really is a word that is dirty, but subprime—as when you look at the questionable lending methods blamed for the current economic crisis—entails, many just, expanding credit to those that do not frequently have use of it. Those who have low fico scores or no credit rating are subprime borrowers; usually so might be blacks and Latinos, whom might find it better to access credit outside of old-fashioned financial institutions. Okumaya devam et “Activists say payday loan providers exploit poor people, but better borrowing options are difficult to find”