It wasn’t long ago that consumers seeking short-term, small-dollar credit had only the options that were locally accessible, and this often limited their choices to insufficient or inaccessible offerings. Today, however, consumers have far more choices when they need credit.
This is a positive shift, largely driven by technological advancements and greater competition that responded to the increasing demand for credit by creating an innovative and diverse lending ecosystem. Everyone benefits from this environment, especially consumers with poor or limited financial histories who now have more options than ever.
Read the full article at DC Journal
