Some businesses thrive on the misfortune of others, making unfavorable deals with the poor and desperate to improve their bottom lines. While it’s tough to discern the intentions and ethics of management, it’s easy to identify the results of their reckless practices.
MSN Money spotlights several businesses it says are geared to put the hurt on the poor. Topping its list are payday lenders, which come to the “rescue” of those who are tapped out by fronting them money with interest rates as high as 400 percent attached.
Other questionable businesses include “buy here, pay here” car dealerships, which offer terrible loan rates to those with poor credit, often with the understanding that they’ll repossess the vehicles after siphoning some money from the buyers.
Click the source link to read up on other allegedly unscrupulous operations, including rent-to-own outfits and used-car leasers.
5 businesses that rip off the poor [MSN Money]