Payday Lending

Essay specific features

 

Issue:

Business

 

Written by:

Patricia G

 

Date added:

August 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1582

 

Was viewed:

6038 times

 

Rating of current essay:

 
Essay content:

That is only if they do the flipping 4 times for 3 times a year. Now this does not include the interest rate. Interest rates for the small loans can be anywhere from 390 to 900 percent, according to Wikipedia. The interest rate for the 14 day loan of $400, with the $60 fee, is 390%. That interest rate is outrageous, especially when a person considers the prime rate is 8...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote

 
 

That interest rate is outrageous, especially when a person considers the prime rate is 8.25% (Bloomberg). A person could go the credit union and get a signature loan for just under 13%. Yet, payday lending is still one of the fastest growing businesses. May people believe that is because they prey on the financially uneducated...
displayed next 300 characters

General issues of this essay:

Related essays: