Glossary of Terms > S > SUBPRIME LENDING

SUBPRIME LENDING

A lot of payday loan companies cater to consumers with bad credit, and who are thus not considered "prime" candidates for loan eligibility as far as traditional banks are concerned. This is the point of contention for many payday advance critics, and the reason the loans are so popular with consumers in urgent financial trouble.

S Terms

SUBPRIME LENDING

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