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The age of spend, spend, spend: young people are encouraged to invest in their future—on borrowed money. But is easy credit sucking them into debts
Granny O'Keeffe made a remarkable social ascent from her childhood in a Liverpool orphanage to retirement in a cosy semi-detached in the suburbs, and ......(Continue Reading)Where bankers fear to tread - proposal for mutual credit
The Speke Community Credit Union near the edge of Liverpool, England, was established by Mike and Doreen Knight to aid poor people who are in dire need ......(Continue Reading)Cash at the price of a lifetime - licensed moneylenders charge high rates to the poor
Licensed money-lending firms such as Provident Financial charge poor customers annual percentage rates of between 168%-300%, compared to 7%-20% rates from ......(Continue Reading)The New Subprime Customer - selling cars to persons with poor credit ratings
Byline: Cliff Banks Think you know who the typical subprime customer is? No longer is it the person who has a history of not paying the bills, a.k.a....(Continue Reading)Legal loan sharking or essential service? The great "payday loan" controversy
FEW THINGS FIRE up professional consumer advocates as quickly as a whisper of "payday lending." "Payday loans are a transfer of wealth from the poor ......(Continue Reading) |
