Transcript: Installment Loans plus the Shifting Debt Industry

Transcript: Installment Loans plus the Shifting Debt Industry

Might 16, 2013, 3:41 p.m. EDT

Monday, we co-published a tale with market on installment loans, an increasing industry that provides fast cash to low-income borrowers – and it is traveling under regulators’ radars.

Installment loans will be the cousins of payday advances. They occur in at the least 19 states, mostly into the Southern and Midwest, and provide borrowers with woeful credit access that is easy cash. World Finance, a billion-dollar installment loan business, has a lot more than 800,000 clients over the U.S. World as well as other installment lenders frequently place their shops near armed forces bases. Continue reading