payday loans ↔ predatory lending

Relations (1)

related 2.00 — strongly supporting 2 facts

Payday loans are explicitly categorized as a common form of predatory lending [1] and are identified as a type of high-cost credit associated with predatory practices [2]. Furthermore, both terms are frequently linked in discussions regarding unethical financial practices and institutional affiliations [3].

Facts (2)

Sources

Predatory Lending — An Explainer - MECEP mecep.org Maine Center for Economic Policy 1 fact

claimCommon forms of predatory lending include payday loans, car-title loans, and subprime mortgages.

The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association 1 fact

claimHigh-cost credit, often referred to as 'predatory' due to very high interest rates, includes payday loans, pawn shops, rent-to-own services, tax refund anticipation loans, and auto title loans.