Irresponsible financing related to high-cost credit services and products poses major risks to customers

The Provision of High-Cost Credit

It is specially the full situation in those portions of this market where a small amount of credit have reached stake and/or the expenses of credit are much greater than the common. The high expenses of the credit product may derive from a number of sources, including not restricted to the fundamental interest, expenses mixed up in summary of the credit agreement, costs or penalties set off by non- or belated payment of loans, and costs for going overdrawn. The customer dilemmas connected with high-cost credit items are twofold. (more…)

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