Forms of Subprime Lending

In our last issue, we had pointed out how recession is great for a particular kind of business – pawnshops. Subprime lending has got a bad name now; but call it subprime, call it usury; lending money to those who badly need it at high rates of interest is not going to disappear from any system. Subprime products come in many forms in the US from where Indian companies draw ‘pro-duct ideas’....

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