Category Archives: one hour installment loan

‘We are loan sharks’: Why one woman’s making the pay day loan business

You don’t ask individuals simply how much they would like to borrow: You inform them just how much lending that is you’re.

That’s one of the primary things Kathy Durocher discovered as a payday lending employee, she states.

“You’re trained on the best way to up-sell to people, how exactly to make an effort to buy them maximum loans, to cash more cheques,” Durocher stated in an interview.

During an exercise session, “I had said, ‘Are you planning to just take another loan?’ plus the individual said yes. And I was told by them just how much. And my supervisor, in training, stopped me immediately after and said, ‘No. You never ask. They are told by you. You state, ‘I’m providing you with this quantity today.’”

Durocher claims she’d be penalized for maybe maybe not someone that is loaning optimum quantity that individual had been entitled to. Continue reading