Debt Inc. – The American Scam Economy -ProPublica

The 182 Percent Loan: How Installment Lenders Put Borrowers in a World of Hurt

by Paul Kiel, ProPublica, May 13

Many people know the dangers of payday loans. But “installment loans” also have sky-high rates and work by getting borrowers — usually poor — to renew over and over. We take you inside one of the biggest installment lenders, billion-dollar World Finance. More »

 

http://www.propublica.org/series/debt-inc

via Debt Inc. – ProPublica.