Holy hell
-
-
Surely there’s a better way... is it just a marketing/education thing? I find it hard to believe there’s no alternative
1 reply 0 retweets 0 likes -
Replying to @AustenAllred @NPRinskeep
This is the same problem as all the payday loans and the like. Captive market with no alternatives. These are basically "micro finance" for the developed world, but done much more painfully.
1 reply 0 retweets 4 likes -
Replying to @stevesi @NPRinskeep
But payday loans at least have risk/losses/credit. That’s what we soent 100% of time managing at LendUp. This is just... why not charge high fees?
1 reply 0 retweets 0 likes -
Replying to @AustenAllred @NPRinskeep
I'm not the most informed spokesperson for this. It is well-studied and generally concludes it is capitalism at work, though it is exploitive (price controls are not always in best interest of everyone). Lots of work on the "unbanked" happening in SV.
2 replies 0 retweets 1 like
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.