Borrowing in the Latin The usa try notoriously tough to supply. Just a few years back, charge card cost when you look at the Brazil struck 450%, which has gone down so you’re able to a still tremendous 250% a year. Into the Chile, I have seen playing cards you to definitely charges sixty-100% yearly notice. That will be whenever you actually rating a cards on first place. Yet , somebody nonetheless make use of these predatory systems. Why? Discover hardly other solutions.
In the usa, accessibility loans is based primarily on a single count: the FICO score. (more…)