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Subprime Lender’s Contract Might Herald More Bonds With 100%-APR Loans

Subprime Lender’s Contract Might Herald More Bonds With 100%-APR Loans

Subprime Lender’s Contract Might Herald More Bonds With 100%-APR Loans On the web subprime loan provider Enova Global Inc. bundled customer loans with eye-popping rates of interest — some topping 99 % yearly — into bonds a year ago. And there may be much more such debt discounts in the future. The offer reflects online loan providers’ growing give attention to non-prime borrowers — exactly exactly just what Enova calls a «large, expanding market section» in a November general public…

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