Taking the profit out of the poverty business
Bill Moyer's Journal had a great feature Friday based on a Business Week report about the Business of Poverty, the array of check cashers, rent-to-own, pay day lenders, predatory lenders, user car dealers and collection firms that have opted to turn the lowest-income Americans, particularly African-Americans, into a business niche. Original article is at
http://www.businessweek.com/magazine/conte...
During National Black Business Month, we have the opportunity to present an alternative economic model where consumer dollars generate more economic activity and jobs, instead of impoverishing people who already do not have enough.
Visit blackbusinessmonth.biz to learn how you can join this new empowerment movement.
http://www.businessweek.com/magazine/conte...
During National Black Business Month, we have the opportunity to present an alternative economic model where consumer dollars generate more economic activity and jobs, instead of impoverishing people who already do not have enough.
Visit blackbusinessmonth.biz to learn how you can join this new empowerment movement.
I agree there is a need for some business like these as we do not always have access to the mainstream and low interest loans and check cashing. I am happy to see that you were able to correct your situation so that you were not held a victim to the high interest rate.