There’s been a great deal of chatter concerning the danger of pay day loans recently, but “safer” installment loans may be just as dangerous, a report that is new.

There’s been a whole lot of chatter in regards to the threat of payday advances recently, prompted by a brand new report through the customer Financial Protection Bureau that called them “a long-lasting, costly financial obligation burden.” But there’s another, fast-growing group of tiny, short-term loans pitched mostly to low-income People in america — and also the unbanked in particular — that may be in the same way dangerous. Continue reading