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Predatory Financial Practices and the Impact on the Poor
In summary, the solutions for breaking the cycle of poverty presented by this paper focus heavily on reducing the exorbitant costs of financial services paid by low-income families. This is in contrast to the long-standing ...
Subprime Mortgage Crisis: Impact, Causes and Solutions for Low-Income Borrowers
This paper focuses on the subprime mortgage crisis and its relationship to low-income borrowers, families, and neighborhoods. It examines how and why the current crisis developed, the implications to poor families and ...
Predatory Lending: Payday Lenders and Credit Card Companies
Predatory payday lenders and credit card companies target lower income earners. Wage earners who utilize these services spend a disproportionate amount of money on interest and late fees. Therefore, these low earners have ...
Financial Education as a Means of Reducing Poverty
Low-income families face many barriers to financial well-being. It is necessary that these barriers be addressed, or they will continue to prevent financial stability. There are many issues that plague low-income families, ...