Installment loans just like dangerous as payday advances, Pew warns

Installment loans just like dangerous as payday advances, Pew warns Given that government clamps down on conventional pay day loans that cripple low- and moderate-income borrowers with unaffordable repayments, loan providers are moving their companies to installment loans that may be in the same way harsh on struggling individuals, the Pew Charitable Trusts warned Thursday.