Predatory Lending vs. Indentured Servitude: Our Response

Critics of predatory lending have compared payday loans to indentured servitude. Our lending products are a significant improvement over the indentured servitude of the past.

Predatory Lending Indentured Servitude
Targets Caucasians, blacks, and Hispanics Targets Caucasians only
A 21st century financial services solution A 19th century financial services solution
Customer service oriented Not customer service oriented
Provision for consumer bankruptcy No provision for consumer bankruptcy
Unlimited term of "service" Typically limited to 4-7 years of service
Work anywhere customer wants Worked only on the farm
Rarely serve prison sentences Debtors' prison
Geographic and demographic information systems help targeting No targeting whatsoever