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Activists say payday loan providers exploit the indegent, but better borrowing choices are difficult to find

Activists say payday loan providers exploit the indegent, but better borrowing choices are difficult to find

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It really is a word that is dirty, but subprime—as into the questionable lending methods blamed for the current monetary crisis—entails, many merely, expanding credit to those that never usually have use of it. Those who have low fico scores or no credit score are subprime borrowers; frequently so might be blacks and Latinos, whom might find it simpler to access credit away from conventional finance institutions. Continue reading Activists say payday loan providers exploit the indegent, but better borrowing choices are difficult to find