Read this article from today's Journal Sentinel to see how payday lenders get around the very laws designed to regulate them.
If "desperation" needs another definition, this would probably be it. The all-purpose sales-meetup-social connector known as Craigslist is hosting a new category; people seeking co-signers for loans. That's right. Folks who can't get loans on their own because of bad credit or lack of employment are seeking out strangers willing to endorse their loan application and pay it off if the borrower defaults. What could possibly go wrong with this plan?
WRITTEN BY BRIAN KOENIG
TUESDAY, 13 MARCH 2012 10:12