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I suppose high-risk car loans tend to be more comparable to payday financing than they have been to home loans because

I suppose high-risk car loans tend to be more comparable to payday financing than they have been to home loans because

John Oliver, host of HBO’s “Last Week Tonight,” found disturbing similarities between the straightforward loans dished down for utilized vehicles in addition to mortgage crisis that devastated the economy in 2008.

Now, automobile dealers are making high-risk, high-interest loans that “trap people who have few choices into having to pay greatly significantly more than an automobile may be worth,” Oliver stated. “It’s just one single for the ways that are many which when you’re bad, every thing could be more high priced.”

Read More »I suppose high-risk car loans tend to be more comparable to payday financing than they have been to home loans because