Beyond Payday Loans
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From This Collection
The problem behind the business of installment loans
May 13, 2013
World Finance of Greenville, S.C., rakes in half-a-billion dollars a year providing small loans to subprime borrowers. Thanks to an ever-deepening cycle of debt, business is good.
On Victory Drive, soldiers defeated by debt: The story from Propublica
May 13, 2013
A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt.
A quagmire of debt and a billion dollar company: The story from Propublica
May 10, 2013
World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into a similar quagmire of debt.