paying the lender for 1999 days. The average title borrower gets a loan backed by their car and then proceeds to renew that loan eight times, “paying $2,142 in interest for $951 in credit.” Nonbank lenders, the kind who made the ...
Many well-meaning Pakistanis, including serious economists, seem to echo detractors' claims without any serious examination or comparison with prevailing bench-marks. They do not mention how similar projects in other parts of the world are financed and what sort of interest rates and return-on-equi...