Installment loans in the same way dangerous as pay day loans, Pew warns

Installment loans in the same way dangerous as pay day loans, Pew warns The Pew Charitable Trusts warned Thursday as the federal government clamps down on traditional payday loans that cripple low- and moderate-income borrowers with unaffordable payments, lenders are shifting their businesses to installment loans that can be just as harsh on struggling people.

countinue reading