Category Archives: Illinois Payday Loan Laws

4 Dirty Secrets of Alleged Installment Loans

13 Mar , 2020,
Beth Weissman
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4 Dirty Secrets of Alleged Installment Loans

There’s been a great deal of chatter in regards to the danger of payday advances recently, but “safer” installment loans may be in the same way dangerous, a brand new report claims.

There’s been a great deal of chatter concerning the threat of pay day loans recently, prompted by a brand new report through the customer Financial Protection Bureau that called them “a long-term, costly financial obligation burden.” But there’s another, fast-growing category of little, short-term loans pitched mostly to low-income People in america — and also the unbanked in particular — that may be in the same way dangerous.

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