Reality Check: U.S. Subprime Credit Grows but From a Low Base
Jon Hurdle/Marketing News International
3 September 2015
-- Credit Counselors Report More Payday Loans, Internet Finance
-- But Stable Delinquencies Suggest Most Consumers Still Disciplined
PHILADELPHIA (MNI) - U.S. consumers are taking on more debt from sources such as payday lenders and Internet-based finance companies that charge high interest rates to people with low or non-existent credit scores, according to credit counselors and an executive from a leading source of lending data.