Installment loans just like dangerous as pay day loans, Pew warns

Installment loans just like dangerous as pay day loans, Pew warns Whilst the federal government clamps down on conventional pay day loans that cripple low- and moderate-income borrowers with unaffordable payments, loan providers are moving their organizations to installment loans which can be in the same way harsh on struggling people, the Pew Charitable Trusts warned Thursday. Pew, a nonprofit…