It seems to me that since the tightening of bankruptcy regulations, “easy” credit business’s have proliferated. By “easy” credit I mean Check cashers and their ilk. Loan sharks.
Opinions? Mine should be obvious.
Peace,
mangeorge
I noticed in another thread that “Payday Loans” are illegal in New York State. I would think that the changes in bankruptcy should make it more likely that subprime lenders will give loans. They wouldn’t have to worry so much about getting stuck with a bad debt with a borrower who has no protection against his creditors.