Quantcast
Moneywise

Millennials relying on prepaid cards and payday loans

Comments

Return To Article
  • EdTurlti Toronto, 00
    Feb. 25, 2015 5:24 p.m.

    I think the reason that the younger generation is turning to alternative lending is due to their availability, you even stated it yourself banks are not set up to offer short term lending. These people do not have an established credit history which would leave them with little option when it comes to finding financial help, it's no surprise that they turn to payday loans. Complain about these business' all you want, but they won't be going anywhere if we do no offer alternatives for people.