Category Archives: long term installment loans

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

You don’t ask individuals simply how much they wish to borrow: You let them know 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 how best to up-sell to people, just how to make an effort to have them maximum loans, to cash more cheques,” Durocher stated in an meeting.

During an exercise session, “I had stated, ‘Are you gonna simply take another loan?’ plus the individual said yes. And they said 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 this quantity today.’”

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