‘A means of monetizing poor people’: how equity that is private make money providing loans to cash-strapped Us citizens

‘A means of monetizing poor people’: how equity that is private make money providing loans to cash-strapped Us citizens

The check arrived out of nowhere, given in the title for $1,200, a mailing from a customer finance business. Stephen Huggins eyed it very very carefully.

That loan, it stated. Smaller kind said the attention price could be 33 %.

Far too high, Huggins thought. It was put by him apart.

A later, though, his Chevy pickup was in the shop, and he didn’t have enough to pay for the repairs week. He required the vehicle to make the journey to work,