The government provides countless resources to help military families with financial literacy and even offers low interest loans to help them in times of emergency. So, why are many troops opting to take out risky payday loans instead?
World Finance has outperformed the market and financial stocks through the recession. But is World’s high-interest small-dollar loan business sound and sustainable?
World Finance of Greenville, S.C., rakes in half-a-billion dollars a year providing small loans to subprime borrowers. Thanks to an ever-deepening cycle of debt, business is good.