switching Poverty Into A Multibillion-Dollar Industry. Do the other states outlaw it?
There is a somewhat brand new subculture that is financial up of companies like payday lending, lease to possess, check cashing, instant income tax refunds, corporate pawn stores, customer finance loans, subprime bank cards and debit cards offered by banking institutions as well as other organizations.
These lenders make big profits by lending cash at extremely high interest levels to your working poor among others simply handling to have by on their paychecks. Individuals in the industry call it alternative financing, but my guest, journalist Gary Rivlin, prefers the terms fringe funding as well as the poverty business.
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