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It really is a dirty word now, but subprime—as into the questionable lending techniques blamed for the current monetary crisis—entails, many just, extending credit to people who never frequently have use of it. Those that have low credit ratings or no credit rating are subprime borrowers; frequently so can be blacks and Latinos, whom might find it better to access credit outside of old-fashioned finance institutions.

The industry is composed of both the earnest plus the sometimes devious—the credit union as well as the pawnshop. Continue reading →