They’ll probably outdo on their own once more quickly. Heck, you can bet the owners of some bottom-feeding, high interest loan company in eastern North Carolina are having a meeting in which they’re discussing how to market their “product” to hurricane victims as you read this.
Having said that, this tale from present version of Education Week describes a fraud which is hard to top.
It states that the lending that is payday — those fun folks who make bi weekly loans with their struggling other residents at 200, 300 or 400% interest — are now actually pressing their rip-off on parents of kids going back into college.
An Education Week analysis discovered dozens of articles on Facebook and Twitter focusing on parents whom could need a “back to school” loan. (mais…)