Senator Wyden Presses Consumer Bureau on Installment Lender World Finance
They also profit by persuading borrowers to use the product like a credit card, renewing loans over and over, leading to ballooning extra fees and interest.
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On Victory Drive, Soldiers Defeated by Debt
many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding 400 percent.
Read MoreThe 182 Percent Loan: How Installment Lenders Put Borrowers in a World of Hurt
World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into crippling debt
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