4.1 by Ashley Neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy en-us 2019-04-05 00:06:03 UTC 2025-10-28 16:29:12 UTC hello@padlet.com Payday Lender ashley_neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757087
  • Short term, high cost loan that gives consumers money they need until their next paycheck
  • They ask about job status and source of income
  • Must leave a post dated check for the amount of the loan plus the finance fee
  • Does not typically check credit
    • ]]>     2019-04-05 00:10:08 UTC https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757087     Bank Loan ashley_neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757430
  • Fixed interest rate
  • Fixed repayment period
  • Credit
    • ]]>     2019-04-05 00:12:29 UTC https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757430     Payday Lender ashley_neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757930 15% fee equivalent to APR of 460% for a 2 week loan]]> 2019-04-05 00:16:06 UTC https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348757930 Bank ashley_neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348758402 APR of 4-7%]]> 2019-04-05 00:19:33 UTC https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348758402 ashley_neiswinger https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348758457
  • Poor and working class people
  • People who don't have the financial resoources to maintain a bank account
  • People who don't understand how the banking system works
  • People who are blacklisted by major banks because of financial mistakes or fraud 
  • A young consumer
    • ]]>     2019-04-05 00:19:59 UTC https://padlet.com/ashley_neiswinger/101ru97nxxyy/wish/348758457