A 3rd of high-cost loans end up in standard, based on a legislative analysis.

A 3rd of high-cost loans end up in standard, based on a legislative analysis.

“They think, ‘gosh, it is been 3 years and I’m still paying down this loan and I also don’t truly know why. ’”

Customer advocates state there is less defaults—which can trash a borrower’s credit rating even while collections agencies continue to seek repayment—if just loan providers offered lower prices. Read More