A 3rd of high-cost loans end up in standard, in accordance with a legislative analysis.

A 3rd of high-cost loans end up in standard, in accordance with a legislative analysis. “They think, ‘gosh, it is been 3 years and I’m still paying down this loan and I also don’t really know why. ’” Customer advocates state there is fewer defaults—which can trash a borrower’s credit rating even while collections agencies […]