Yale Daily News

Updated: Wednesday, January 7, 2009 at 7:11pm

The News will resume publication on January 12, 2009.

‘Predatory’ lending is on the rise

High-interest loans target those with poor credit in New Haven and nationwide

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James Warrick-Alexander
Staff Reporter
Published Thursday, April 5, 2007
Advertisements promising interest-free loans and free cash are posted throughout the city, but gullible borrowers are discovering that there is nothing free about them.
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Liberty Tax offers cash loans based on customers’ expected income tax refunds, which some say are a type of “predatory lending.”
Jonathan Jimenez/Staff Photographer
Liberty Tax offers cash loans based on customers’ expected income tax refunds, which some say are a type of “predatory lending.”

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