7
votes
How a subprime auto lender consumed Detroit with debt and turned its courthouse into a collections agency
Link information
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- Authors
- Ryan Felton
- Published
- Oct 15 2018
- Word count
- 5563 words
I was unsure of where to post this so please do feel free to move it if this isn't the appropriate place.
Some highlights:
I don't really have anything insightful to say, but am just overall disgusted with people/businesses/lenders that are able to get away with practices that take advantage of individuals who are already low-income. It's taking advantage of people who need the most help and it's sickening. I think 25% interest rates go beyond the arguments of 'it was their fault for signing! lol personal responsibility' and are just predatory in nature.