The best cause of human being trafficking today might shock you. It’s debt.
Use of that loan that isn’t made to be paid back was an instrument to victim on individuals in poverty all over the world. While individual trafficking is one of outcome that is egregious of financing, it is maybe maybe perhaps maybe not the only person.
Near to home, predatory lending is just an industry that is massive. With approximately 20,000 stores nationwide, pay day loans rake in almost $40 billion each year. (That’s almost twice the annual income of McDonald’s restaurants worldwide!) Pay day loans are smaller loans typically useful for emergencies or fast money, but usually create long-lasting entrapment. Continue reading “It’s the perfect time for Alternatives to Payday Lending by Peter Greer”