Activists say payday loan providers exploit the indegent, but better borrowing options are difficult to get

Activists say payday loan providers exploit the indegent, but better borrowing options are difficult to get

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It really is a word that is dirty, but subprime—as when you look at the questionable lending techniques blamed for the current economic crisis—entails, many just, expanding credit to those that never frequently have use of it. Individuals who have low credit ratings or no credit rating are subprime borrowers; usually so might be blacks and Latinos, whom might find it better to access credit away from conventional finance institutions. Continue Reading