Student in Law and Economics, Vanderbilt University

Installment loans look like a kinder, gentler form of their “predatory” cousin, the loan that is payday. However for customers, they might be a lot more harmful.

Utilization of the installment loan, for which a customer borrows a swelling amount and will pay right right back the main and fascination with a few regular re re payments, is continuing to grow considerably since 2013 as regulators started to rein in payday financing. Continue reading →