empréstimo consignado payroll loan
| Creator: | |
| Language pair: | Portuguese to English |
| Definition / notes: | While little used in the U.S., payroll loans have spread from Mexico to Brazil. Banks give credit and then get repaid through an automatic deduction of the person's paycheck every two weeks, increasing the likelihood of repayment. The loans' newfound popularity—driven by pre-approved offers at ATMs and, in some cases, competitive interest rates—could help the region's expanding middle classes gain access to funds. But they also could turn off consumers from credit or, some fear, trigger widespread defaults in other types of debt. http://www.wsj.com/articles/SB10001424127887323689604578222130866020660 |
Your current localization setting
English
Select a language
Close search