On Victory Drive, Soldiers Defeated by Financial Obligation
A federal legislation is expected to protect solution people from predatory financing. But loan providers exploit loopholes, trapping personnel that are military high-interest debt.
Series: Debt Inc.
Lending and Collecting in the usa
Seven years after Congress banned payday-loan businesses from recharging interest that is exorbitant to solution users, lots of the country’s army bases are enclosed by storefront loan providers whom charge high yearly portion prices, often surpassing 400 %.