Share Now:

Pay day loans and installment loans (in particular, the kind given by World Finance) are exactly exactly exactly what customer advocates call ‘small-dollar, high-cost’ loans. They frequently carry high interest. This is certainly to some extent considering that the borrowers are usually low-income, and/or have dismal credit or small credit score. Such subprime borrowers might not have usage of cheaper types of consumer credit—such as charge cards or home-equity loans through banking institutions or credit unions. Read more →