Activists say payday loan providers exploit poor people, but better borrowing choices are difficult to get

Activists say payday loan providers exploit poor people, but better borrowing choices are difficult to get

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It’s a dirty term now, but subprime—as into the dubious lending methods blamed for the current economic crisis—entails, many just, expanding credit to those that do not usually have usage of it. Those who have low fico scores or no credit rating are subprime borrowers; frequently so can be blacks and Latinos, whom might find it simpler to access credit outside of conventional financial institutions. Activists say payday loan providers exploit poor people, but better borrowing choices are difficult to get 더보기