How do predatory lenders trap people in debt?
Payday loans charge 400%+ APR. Credit card minimum payments are designed to maximize interest. Subprime auto loans target low-income borrowers at 20%+ rates. Student loan servicers profit from borrower confusion. The common thread: complexity is the weapon, and financial illiteracy is the target.
Interactive lessons
/decode/wealth
Related wealth questions
Run a business? We build systems like this — AI and automation, fixed-price, owned by you. Say hello — we don't bite →
One of 136 evidence-based answers. Browse the full index →