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View Diary: Predatory lenders prey on service members (22 comments)

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  •  These companies prey upon young soldiers (1+ / 0-)
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    Mark E Andersen

    who have never had a loan before and who are often living far away from their families. The slick sales rep makes it sound so easy and isn’t required to explain the real terms of the loan. The loan becomes a fishhook that can’t be easily removed or repaid.

    Until these companies are making a full and complete disclosure of the REAL interest rate and the ever increasing repayment cost, then they are little more than back street usurers and should not be considered legitimate businesses by anyone.

    "We are slow to realize that democracy is a life; and involves continual struggle." ~ "Fighting Bob" - Robert M. LaFollette Sr.

    by Sand Hill Crane on Sat May 18, 2013 at 06:54:25 PM PDT

    [ Parent ]

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