On the web Lenders’ High-Priced Loans Cripple Families, Prohibited in a few States
On the web Lenders’ High-Priced Loans Cripple Families, Prohibited in a few States
Some online loan providers peddle high-priced, short-term loans that cripple families and may also be illegal. By Gary Rivlin.
The desperate borrowed money from a loan shark, who would tack on finance charges typically working out to an annual interest rate of maybe 200 percent in the old days. […]