You may have seen the ads on TV - 'have you ever had to pay a bill, but it's not payday yet?', or driven by the flashing neon signs that say 'Cash 4 You' or 'Cash Money'. Or maybe you have a memory of you and your family using payday loan services before. No matter our experience, we know they exist - but how do they really work? Today we're exploring the predatory nature of cash loan stores and the real dangers of fast cash.
0:00 What are cash aka payday loans?
1:42 How did this industry come to be?
4:36 How does this system works for the lender?
7:17 What are the predatory dangers for borrowers?
9:43 What's the future of fast money?
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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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